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 > CPI Numbers Coming Out Thursday Morning Too

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Comment by Red_Deeron Jan 11, 2023 2:35pm

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Post# 35216488

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:CPI Numbers Coming Out Thursday Morning Too

OPPS!!!!

Should have been 9.90 Range__NOT 8.90 I just Posted !!!!!

Red_Deer wrote: Hey SARGE__I think you Could GO a TAD LOWER on your STINK BID

9.25 is ONLY a 7.5% DROP__SomeWhere BELOW 10__Say in the 8.90 Range
MIGHT be a Better BID__IE in the 10/12% RANGE

Good Luck REGARDLESS eh!!!!

SargeX wrote: Hey Griz

Always nice hearing from you. I hope all is going well.

Thanks on the comment. Seems like a lot of us "old guys" think the same on this.

AQN is quite a disappointment but no where near what ALA was to me. AQN has way better assets than ALA ever had and if they dump some of the AY renewables stuff, it will be even better. ALA had some good assets but they essentially swapped almost all of those (other than RIPET) for a crappy set of WGL assets.

I somehow suspect that AQN management won't say anything useful tomorrow. In prep for that, I put a buy order in for 3250 shares at $9.25 and will be watching at the open.

I still think AQN will be higher by year end and I'll be ready to jump back in on those 3250 shares at some point if I don't get them bought tomorrow.

Take her easy
Sarge

Lots of fun & games.

ol_griz wrote: Given your current share count, SargeX, that looks like prudent move. I sold half my stake late in the tax loss derby so unfortunately (well, possibly) I'm ineligible to buy until almost two weeks after the update. However, given how unlikely it is that a clean resolution of the disturbing issues will be forthcoming tomorrow, I don't expect much upside, if any. Like you, I think recovery will be gradual and only if the big boys feel the situation has been competently addressed.

The wild card is the amount of divvy cut. I doubt the market will find a small cut palatable. I think no cut is off the table.

Best of luck!

SargeX wrote: Hey Dean

Thanks mucho for waying in. I always value your opinion.

I was just downstairs doing my morning workout, pedalling away on the stationary bike, when I came to the exact conclusion as you. I came back upstairs and put a sell in for the 3205 shares at $9.91 and got it. Net of trading fees, it makes for a profit of $1625 for a 4 day hold.

I think Banskota and the management are total idiots so why should I nowo think they are going to do something right. If I'm wrong, then I still have the 14,430 shares. If I'm right, then I'll target buying back 3200 shares at $9.30 (maybe at the open).

Thanks again and take her easy
Sarge

DeanEdmonton wrote: Sarge- if you hold them, I hope it works out for you. I however and not the trusting type and would be putting the gain in my pocket. The guys running this have messed it up big time and I do not trust them to get it right Jan 12th. I honestly don't think they will know enough to be able to provide real clear direction, except perhaps for the initail dividend cut. I am not a gambler in any way, when the odds are only coin toss equivalent, I sit on the side lines. I am happy to give up a buck a share gain, to see what they actually do. Honeslty, no matter what they do, I think this stock will take a run backwards becasue neither camp is going to be happy with what gets announced.
SargeX wrote: I added 3205 shares at avg of $9.39 last week for the long term (for current total of 17,635 shares).

I've actually been fighting the temptation to sell those 3205 shares at $9.89 (for a quick profit of $1600). Part of me says take the gamble and the profit and potentially buy back if it gets creamed and the other part of me says this is for the long term and AQN will most likely be higher by year end.

Interesting times ....

Karl63 wrote: And further along those lines, who took or is taking the gamble of buying more shares before tomorrow's announcements? I bought more shares on Monday.

Tough to say what will happen; perhaps, as others have mentioned, there won't be anything definitive on dividend reduction OR resolution of the Kentucky deal. Maybe it will just be a bunch of "things are OK" talk which would probably be about the worst thing that they could do, given that the market doesn't like murky waters . . .