Market Analysis – Oct 4th – AltaGas

Market Analysis – Oct 4th – AltaGas

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The market keeps running up  and I keep on waiting on the side line waiting for a pull back to go back in .

So getting a bit impatient ! I  watch BNN top pick everyday to get introduced to new companies and ideas. Ryan Bushell an energy sector Portfolio Manager was on – taking about his past picks and his top picks. One of his top picks AltaGas [ALA-T] currently trading at $28.59 and with a dividend yield over 7.3% . Ryan’s price target for the company is around $33.50 . I like that it is a Canadian company and I don’t have to worry about currency impact.

RBC Analysts currently have a sector perform on the stock with a price target of $33. I may buy into this as a place holder while I search for other opportunities .

Will confirm once I have purchased the stock .

 

 

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