Analyst RecommendationAs can be seen, was asked about both Hydro One and Atco but each time indicated that he prefers AQN which will have more growth. GLTA
HOLD
Hydro One
(H-T)
January 8, 2021
He favours Fortis and Algonquin. H-T is a very stable business model. They had aggressive growth projects but they didn't work out. Would like to see more diversification of cashflow since it is very dependant on Ontario. It is a good, durable business. Would not sell it but it may not perform as well as others. Growth platform is limited.
Chris Blumas
Price
$29.540
Owned
No
BUY ON WEAKNESS
Atco Ltd
(ACO.X-T)
January 8, 2021
The largest portion of its value comes from its stake in Canadian Utilities. It is a durable, defensive company. Prefers Fortis and Algonquin to it. If you own Atco, hold it. The valuation can swing around due to sentiment, but the company is disciplined and has a good balance sheet. Their capital program is good and generates good returns. A good defensive long term hold.
Chris Blumas
Price
$37.240
Owned
Unknown