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: $7.2200 on 2017-09-22

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Date Signal Expert Opinion Price
2017-08-03 HOLD Paul Gardner, CFA

Alberta shut down its coal fired electrical generation plants.  Contracts were ended.  Australia has some issues for them too.  They have cut their costs down and re-focused.  There used to be funding issues.  They are fine now, but not the best in their sector.  He leans more to interpipes.  There is clearly not a dividend cut coming.  They are not overlevered.


Price:
$8.140
Subject:
REITS, INCOME STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
Unknown
2017-06-27 COMMENT Lyle Stein

You buy this because of its assets and the ability of those assets to generate cash flow. Feels the Alberta electric generation market is still subject to a lot of question marks. He would rather own wind power in Europe.


Price:
$8.010
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2017-06-01 COMMENT Paul Gardner, CFA

This has struggled over the last couple of years as it got hurt by the environmental movement and the NDP government in Alberta wanting to shut down all coal producing energy assets. They are migrating from coal to natural gas and have 2 plants, Sundance 1 and Sundance 2 that are coal fired, which are going to close by the end of this year. That hurts their bottom line. Also, for the last number of years, they have been over levered. Their bond rating has always hovered below investment grade or just barely above it. Thinks it will be in the penalty box for another 6 months to 1 year because they don’t have the greatest of assets.


Price:
$7.660
Subject:
REITS/INCOME TRUSTS/HIGH YIELD BONDS
Bias:
BULLISH
Owned:
Unknown
2017-05-09 COMMENT Lyle Stein

This, by default, is a contrarian company that happens to be in the utility space. This is coming back. They’ve had to do some major cost cutting. They’re converting some of their coal plants to natural gas in order to avoid some carbon tax. The beauty of utilities is that they do generate cash flow. The question becomes, how sustainable is that cash flow. Feels you can do better elsewhere.


Price:
$7.240
Subject:
CANADIAN
Bias:
CAUTIOUS
Owned:
Unknown
2017-04-03 HOLD Keith Richards

He likes the sector.  He thinks it looks okay.  It broke out and came back to do a test.  There is some upside.


Price:
$7.630
Subject:
TECHNICAL ANALYSIS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2017-03-30 PAST TOP PICK Jason Mann

(Top Pick Apr 6/16, Up 35%) Cheap valuation.  They have an agreement with the Alberta government on their coal.  Brookfield has been buying up similar assets. 


Price:
$7.820
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
Yes
2017-02-24 DON'T BUY Bill Shaw

A utility type stock, and is fully priced at this level. It has had an excellent run this year. He questions if the yield is sustainable on a longer-term basis.


Price:
$7.150
Subject:
CANADIAN DIVIDEND & REITS
Bias:
UNKNOWN
Owned:
Unknown
2017-02-14 DON'T BUY Ryan Bushell

Cut their dividend pretty significantly about 1.5 years ago, and there isn’t really a lot of catalysts in the stock. A coal fired power production largely with some CPA’s that are rolling off over time, and then they will ultimately need to replace their fleet with natural gas, renewables or some combination of the 2. With a yield at 2.1%, and without a lot of growth, there are better options elsewhere.


Price:
$7.620
Subject:
CANADIAN LARGE (DIVIDENDS)
Bias:
OPTIMISTIC
Owned:
No
2017-02-10 DON'T BUY Norman Levine

A utility company that he would not own. You own utility companies for slow, steady growth, steady rising dividends so that you can sleep at nights. This has not been that kind of company. Its operations have been troubled. Management has done some questionable things.


Price:
$7.890
Subject:
NORTH AMERICAN
Bias:
UNKNOWN
Owned:
No
2017-01-20 HOLD Michael Simpson, CFA

Their legacy business was coal which experienced some difficulty, and was on the way to being shut down in Alberta. The issue was, how much will they get for these legacy assets. Also, they wisely decided to set up a renewable subsidiary where they still own a good chunk of it. This has grown quite nicely. Thinks the CEO is doing a decent job.


Price:
$7.760
Subject:
NORTH AMERICAN DIVIDENDS
Bias:
UNKNOWN
Owned:
No
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
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