Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s): AQN | T.AQN.PR.A | T.AQN.PR.D | AGQPF

Utilities Utilities - Diversified

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.

TSX:AQN - Post by User

Algonquin Power & Utilities Corp > KPC Acquisition

<< Previous

Bullboard Posts

Next >>

Comment by SargeXon Nov 13, 2022 4:20pm

201 Views

Post# 35095233

RE:RE:RE:RE:KPC Acquisition

Hey Hawk

Just back in town after heading out Friday morning so slowly catching up. (I never do any internet stuff when I'm out of the house. Heck, I don;t even own a smartphone :-)

Thanks for the comment on the pain. It's actually no big deal. Sh*t happens. We do own 14.430 shares so it was a bit of a spanking but that's the way it goes. As mentioned, we're actually still above water (for now) with an average purchase price of $11.77 and we've accumlated $57k of divys along the way.

Also as mentioned, I should have listened to mayself back in Oct, 2021 but I didn't. Can't get them all correct all the time.

I hope you aren't too big a holder.

All the best on all the other investments,
Sarge

hawk35 wrote:
Hey Sarge. Sorry for your pain today but I know your portfolio holds a lot of winners so today's pain is minor in the grand scheme of things.

Think your right that management will trim the div by about 1/3. Also think they will suspend the DRIP and come up with more "non core" assets to sell. Should hear more about that in the new year.

There are some who are trying to average down. Think it is too early for that. On Monday when the analysts weigh in with their "insightfull" downgrades, there will be more downside for a while.

On the lighter side, if anyone still thinks that Motley Fool articles have value, they should read the AQN "Fool" articles for the last month. They will never read Motley Fool again.