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.

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Algonquin Power & Utilities Corp > Other utilities at risk?

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Comment by SargeXon Nov 16, 2022 11:50am

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Post# 35103527

RE:RE:RE:Other utilities at risk?

Hey Karl

Thanks on the nice comment.

As far as CU goes, it was a few years ago and I can't actually remember what raised the red flag. I guess it was sort of justified as I see it has underperformed CPX<EMA,and FTS looking at the 3 and 5 year charts.

Yup, those Brookfield guys are something else. We also used to own BPY.UN and were pretty p*ssed at them going on and on about how iit has a $3-Cdn NAV and then rolling it up fpr $18 (or whatever it was).. We held it for 4 years and made of measly profit of $5.8k so I was very unimpressed. That and along with some hassles with all the sh*t they were dong with BEP.UN added to the motviation to dump BIP.UN as well and be done with Brookfield.

I guess I shouldn;t slam then too much because all tolled on the 3, we made a beauty profit of nice even $300k. :-)

All the best wiht what you decide on the utils side. I plan on a general post on what I think are good buys in our "universe" some time later this morning.

Take her easy
Sarge

Karl63 wrote: Sarge - what a great post! Thanks for your reflections.

I agree, I think of Fortis as the strongest of the bunch. Emera has been attractive to me lately, seeming underpriced relative to Fortis and Canadian Utilities. I'm overweight CU, so I thought of selling some today and buying more Emera, wouldn't be a bad move. You say CU never seemed right to you . . . how come?

I think many investors are feeling negative about renewables - it seems to be popular amongst politicians and car manufacturers, but realistically it's hard to envision it happening. I had NPI in addition and decided to sell it in September for $41 and change. I might sell RNW too.

I'll have to look into ALA closer; I don't know much about its history.

I laughed when you spoke about Brookfield and their financial engineering, I'm getting sick of it too. I owned BPY.UN before they folded it, and I had real problems understanding just what they were doing; couldn't help but feel that I was getting screwed somewhere. I own BAM and they're talking about restructuring again; I'll know better after I read their 200 page "information circular". Oh goodie . . .