Algonquin Power & Utilities Corp T.AQN.PR.A

Christine Poole -BNN- PAST TOP PICK

[Possibleidiot01]

She doesn't seem excited - source of funds.

PAST TOP PICK

Algonquin Power & Utilities Corp(AQN-T)

18/04/2023

 

 

(A Top Pick Apr 14/22, Down 41%)

Caught off-guard with the market with their disappointing performance. Yesterday, they backed out of the Kentucky Power purchase, which is positive, because it gives AQN more time to execute their asset sales. Plan to sell $1 billion worth to fund capital program and pay down debt. The December sell-off was overdone, though is up around 30% YTD, so she sold some shares. Will be little growth, including dividends, in the next few years, but after Kentucky, AQN must sell some assets. She is on the sidelines, and AQN could be a source of funds for other names.

electrical utilities

 

N/A

Owned

[AlwaysLong683]

Here's the video of Christine commenting on AQN. It appears she viewed AQN first and foremost as a reilable income stock in her portfolio, similar to FTS, EMA, and other power and utility companies, so perhaps she was caught off guard the most by the cut in the dividend combined with the low probability of AQN increasing the now-lower dividend anytime in the near future.

[rad10]

I've held this for a lot longer than her.   She is one of the more intelligent commentators.  Surprised that she was so enthusiastic when it was trading a lot higher, and trimming back after the price decline.  Maybe we were on the reverse side of that trade when we doubled down in January.  GLTA

[Humanist]

just for the record, she's now out of it completely .. 

[BSdetector2016]

And I wish that I could be.