RE:Analysts Targets
The same analysis from CIBC the same guy that sold CIBC's entire position a year or so ago is now back on board. The short ALA long WGL or ENB game is over so now they will drive the price as high as they can after buying at the bottom. It just shows you why you never sell a good company no matter what the shares do. OMERS put in millions at $31 I'm sure that large of an investment came with major DD everyone on this board has seen a change in the management and a push for EPS growth rather than dividend growth. The dividend growth of ENB is a scam. Altagas is a much more conservative company. One of the few that pays dividends out of EPS rather than FFO. That came at the expense of a large dividend cut years ago but I believe now we are seeing the benefits of that cut with a healthy and growing company with cash flow to grow the business. This is a solid growth company with a stable base of utility assets as a foundation to push new growth. Even their utility assets are growth assets with their pipeline replacement program. I don't see a better utility to own at the moment until the others cut the dividend and stop the scams of dividend raises then raising cash by selling shares. Altagas never has to sell shares to fund the dividend.