Investment Q&A

Q: Hi, from a recent Globe article (excerpt below) it appears a substantial activist shareholder group is taking issue with the deal announced with BEP. Do you feel it has the potential to derail the Deal or substantially modify it. So far the market has not reacted to this news. Thanks.

“However, Mangrove Partners, Bluescape Energy Partners and Cove Key Management LP rejected the deal earlier this week for leaning too heavily in favour of Brookfield, and said they would nominate five directors to TransAlta’s 10-member board with the aim of being able to terminate the investment.

On Friday, the investors – which own a combined 10.1 per cent of TransAlta’s outstanding shares – issued a statement calling on TransAlta to release more details on its decision to side with Brookfield, which it called a “rushed process.”

Spokespersons at TransAlta and Brookfield declined to comment.

“Let me be clear: Our goal is not to stop this transaction, but rather to ensure that the company retains the option to pursue or renegotiate a better one," Mangrove Partners’ Mr. August said.”

Q: Hello! What do you think of TA now, given this announcement, and in light of your comments regarding their latest results? Also, the stock price is up by about 4% today. Is it best to sell and move on?
https://www.bnnbloomberg.ca/transalta-strikes-investment-deal-with-brookfield-renewable-partners-1.1234074?fbclid=IwAR1JLfnBK_qAif-rT7p-PKE5cavP6PJJEN8w_u4n1Tcj5nVUe7SzSCC0lzw

Q: Hi, I can obtain 7ish% yields on various preferred share issues of INE, TA, NPI, CPX, ALA, BPO, Could you please rank these purely in terms of relative security of divided payments? Thanks.

Q: Hello
Could you comment on new shareholder positions: Bluescape Energy Partners/Cove Key Bluescape?

Do you know of this private equity firm? Are they passive type shareholders like "Warren Buffet'' or are they more aggressive like ''Nelson Peltz/Carl Ican'' type.

Thank you
Stephane

Q: Hello
Could you comment on Tansalta results and opinion?

Is significant revenue and earnings growth expected with coal to gas conversions?

Thank you

Q: Would you consider each of these companies as a Buy, Hold, or Sell and your reason[s] for your decision on each company.
Thank you,
Bob

Q: Opinion on Alta gas ....

Q: Good morning.
I am looking to swap out some preferred shares that have dropped in value, for others that are approximately the same price. One that I found was TA-PR-H, however, I show them as not being profitable, and with high debt. You don't seem positive on the stock, according to other questions, but would you invest in their prefs?
Thanks, and enjoy your weekend everyone.

Q: Hi,

I currently own Transalt. Should I add to my position or sale TA and create a new position with AQN. Which one would be good for a long term investment.

Q: Hello
Could you comment on REI.UN and (TA & RNW) quarterly earnings?
Thank you.
Stephane

Q: Hello
Can you comment on TA and AX.UN earnings please?

Thank you.
Stephane

Q: I am considering the purchase of some Transalta preferred shares. Before making a move, I would first like to know whether Transalta has made any progress reducing the debt on their balance sheet in the past year. Your comments are appreciated!

Q: RNW (Transalta Renewables Inc.)

v/s INE.TO which one would you recommend and why? Would you suggest to stay away from RNW?
Is RNW so bad?

Thank you in advance.

Q: I hold the above preferred TA.PR.H CUSIP 89346D727
Holders have been given the following conversion privilege option:
Conversion-to convert on a one to one basis any or all of their cumulative redeemable rate reset series E ist pref shares of TA corp INTO Cumulative Redeemable Floating Rate Series F ist pref shares of TA (89346D719)
Is it better to convert or not and an explanation would be helpful
My sincere thanks

Q: First of all thank you for putting the "sectors" beside the names in your portfolios - that is much appreciated.

Could you please list the "utility" companies you like best in order or preference and could you state if it is "large" company or a "small" company.
Thank you
Margaret

Q: Today I Received from my broker an 'Action Notice' re TA Cumulative Redeemable Rate ResetFirst Preferred Series C' and whether I want to hold these shares or convert them into the Series D preferred.

Can you please tell me which way you would reccommend I go on this one and why.

Thanks


Sheldon

Q: Hello

Could you comment on KP Tissue and recent Transalta earnings?

Thank you

Stephane

Q: At current depressed level,is it a good candidate for buy and hold? If not what are your suggestions for 2-3 others?

Q: I like the cash flow from utilities and Transalta seems to be getting a handle on the new operating environment in Alberta. RNW is approx 60% owned by TA and that would mean the market is pricing TA only for it's share of RNW and assigning no value to the rest of TA business. Are my assumptions correct and if so do you have any idea why this would be so. Thanks
Kenn

Q: My Question is on the Transalta preferred shares. I have the series C preferred shares that are paying me 6.8% and with reset this June expect the yield will be about 6.7%. I see that the company decided NOT to go ahead with the proposed exchange of the preferred shares last Friday. Is this a good or bad sign?

How risky do you view the Transalta preferred shares in terms of ability to pay dividends and viability long term of the company?

Please feel free to publish.

Tony