Viewing Company Transalta Corp | StockChase
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Compiling comments that experts make about stocks while on public TV.

Transalta Corp Stock Symbol: TA-T

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Last Price Recorded: $7.9500 on 2017-01-13

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Date Signal Expert Opinion Price
2016-12-09 COMMENT Greg Newman

Reached an agreement with Alberta for transition payments of about $97 million a year from 2017 to 2030. That news was better than expected and he upgraded it to a $7.50 target. It is a little higher than that, but still pretty cheap on a free cash yield. Trading at 15.3 versus its peers at lower levels. Its payout ratio on a free cash flow is 14%. He would prefer one with a bigger yield and one with the drop downs, Transalta Renewables (RNW-T).


Price:
$7.540
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-11-30 COMMENT Lyle Stein

Preferreds. The settlement of the energy issue last week has been very favourable. This company is in good shape, because a lot of their existing coal capacity can also convert into natural gas, so as they meet the capacity markets in Alberta that have been created, that is a plus for them. As to preferreds, people own them for 1) income and 2) for the higher position on the balance sheet. It has a 7% yield, but in 2017, that will reset to 3.1% above whatever the 5-year yield is at the time. The rate-reset game that has been going on in the Canadian preferred market since 2008, has been very painful.


Price:
$7.350
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2016-11-28 DON'T BUY John Stephenson

(Market Call Minute.) Has had a good run lately, but given that it is a utility you don’t want to be here.


Price:
$7.350
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
BULLISH
Owned:
Unknown
2016-11-09 PAST TOP PICK Daniel Lloyd

Long half of pairs trade (Top Pick Sept 15/16, Down 6.65%) He still likes it a lot and it did well until a couple of days ago.  It is a deeply undervalued utility. 


Price:
$5.610
Subject:
CANADIAN
Bias:
BEARISH
Owned:
Yes
2016-10-03 DON'T BUY Lyle Stein

It is not just the stable generator of electricity any more.  Alberta has to go through a full resolution of what they are going to do with coal plants.  The dividend has been cut to virtually nothing.


Price:
$5.780
Subject:
CANADIAN
Bias:
SELECTIVE
Owned:
No
2016-09-21 COMMENT Nick Majendie

There is too much uncertainty about the Alberta policy vis-à-vis stranded assets, and what compensation they will or won’t get. Until that uncertainty is removed, he would be very careful.


Price:
$6.030
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
No
2016-09-15 TOP PICK Daniel Lloyd

*Long* (Pairs trade with a short on TRP-T).  TA-T he was buying as long as a couple of days ago and TRP-T shorting the week before.  The ownership of TA renewable in TA-T is worth $7.70 of the share price.  At this point the rest of TA-T has a negative value.  TRP-T is incredibly expensive.  They have excessive debt.  They are about to cut the toll of their gas pipeline by 40% which is a major part of their revenue.


Price:
$6.010
Subject:
CANADIAN
Bias:
BEARISH on BONDS
Owned:
Yes
2016-07-14 PARTIAL SELL John Stephenson

If you own, he would suggest you lighten up over time. Feels the worst is over. The problem with the company is that power prices in Alberta were weak for some time, and management wasn’t considered to be top of the heap. He would suggest you switch over time to something like Canadian Utilities (CU-T) Fortis (FTS-T) or Emera (EMA-T).


Price:
$6.460
Subject:
NORTH AMERICAN - LARGE & RESOURCE
Bias:
CAUTIOUS
Owned:
Unknown
2016-06-30 WAIT Hap (Robert) Sneddon FCSI

This company has gone through a lot of trouble. He took a loss on it. The whole space has done well. The chart shows a nice upward trend from January, and is now facing some resistance at around $7. There will be resistance again at $10. It looks like it currently wants to go sideways. Until you see it get above $6.75-$7 range, he wouldn’t add to your holdings.


Price:
$6.720
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2016-06-29 DON'T BUY Stephen Takacsy, B. Eng, MBA

Sold his holdings in the mid-teens. It is unbelievable how far it has dropped. The Alberta electricity/power market is very tough. There is also a big dependence on coal, which is being phased out. It has been rumoured to be for sale for a while now, and there doesn’t seem to be any takers. There are better opportunities elsewhere.


Price:
$6.630
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2016-06-09 DON'T BUY Michael Smedley

It is a good area to be in.  It is not exciting.  He would not go here.  6.8% yield.


Price:
$6.980
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
No
2016-06-03 COMMENT Jason Mann

(Market Call Minute.) One of his favourites. Thinks the worst is behind it. Good price momentum and reasonable valuation. He still thinks the kicker is someone who has been buying a lot of stock.


Price:
$6.620
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2016-05-25 SELL Michael Decter

(Market Call Minute.) This company has had trouble for a long time. The fact that they own a lot of coal assets, and a government committed to the latest environmental standards, that is not a good combo.


Price:
$6.420
Subject:
CANADIAN LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 COMMENT Paul Tepsich

2019 bonds for a small portion of a portfolio? This company has kind of fallen on hard times. They are holding about 7X leverage, which is high. Thinks the bonds trade at around 7% which is not overly cheap. If you do this, it will require more diligence.


Price:
$6.230
Subject:
Canadian Small-Mid Cap & Fixed Income
Bias:
BEAR
Owned:
Unknown
2016-04-06 TOP PICK Jason Mann

There has been concern that this may be a value trap. It is cheap enough. Price momentum has turned in the coal power generation business, but are transitioning to a renewable model. Thinks the recent dividend cut gives them the flexibility to do that. What is interesting is that you have optionality. Brookfield recently filed that they own just under 5%. They have asked the SEC to hold off on reporting for 6 months. You only do that if you are planning on buying more, or if you are in talks with the company. Dividend yield of 2.69%.


Price:
$5.870
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
Yes
Showing 1 to 15 of 545 entries
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