RE:Quite disturbing...Bossu: I think your analysis is quite right about it being a safer and better company than a few years ago and Randy has done an excellent job and it looks from guidance that he will continue to do so. I think many investors dont appreciate the balanced strategy of utilities with gas exports and the historical worries over this company are just now really fading. Yesterday the stock got caught in a major downdraft that hit nearly everything including the darling of the utilities FTS, but ENB and EMA and others also stopped dead in their tracks. Fears of interest rates create a knee jerk reaction against utilities as others compare bond yields etc with where else they can put their money. I do think ALA is NO LONGER an attractive stock to SHORT and I see gradual upward movement . In fact I think the negativity is overdone and added to my position at the lows on Friday. It will be interesting to see how various analysts view this. Nice to see BMO have an outperform rating but I think some are concerned that they do not see many catalysts for significant growth and others want more of a green exposure to their portfolio.
However I think value gradually wins out and I do not rule out my 24 target by year end especially as their export strategy bears ever more income. I expect we may see some improvement even over the next week as larger players do their homework. Given the political risk of line 5 with ENB just now even with its higher dividend I moved some of my ENB over to ALA. If debt gets below 5 times or MVP gets up and running - either of those should bump the stock but this stock is for long term holders and not quick traders. I still see it as the Outperform among utilities but I also was disappointed and without the overall market fears around interest rates I think their results would have seen a bump.