TransAlta operates coal, wind, hydro, natural gas and geothermal power generation facilities. Coal-fired plants account for about 53% of the power it generates. Natural gas accounts for 25%, and the remaining 22% comes from hydroelectric and other renewable sources. TransAlta Renewables (Toronto symbol RNW) is a 65%-owned subsidiary of TransAlta and is Canada’s largest source of wind power. Wind power now accounts for 12% of TransAlta’s generating capacity. However, wind projects need government subsidies to be profitable. TransAlta now has long-term contracts to sell its wind power, but governments may try to change the terms of these deals as they cope with rising budget deficits. Alberta Premier Rachel Notley recently mandated that all coal power be phased out in the province by 2030. Two-thirds of the generating capacity will be replaced by renewable energy and one-third by natural gas. TransAlta has, as mentioned, roughly 53% of its generating capacity in coal-fired plants in Alberta, so it will need to move away from the fuel. The timing of the shift for the company and how much compensation it will get from the Alberta government are still to be negotiated and that uncertainty adds risk. But equally important right now is the fact that the near-term outlook for electricity prices in TransAlta’s key Alberta market is weak. Whatever stocks you decide to invest in, we think you can minimize your risk by following TSI Network and using our three-part Successful Investor strategy:
Discover how to make the most of your commodity investing in this free special report, Commodity Investments: Fertilizer Stocks and Potash Stocks That Will Profit from Rising Food Demand, from TSI Network.
With their focus on renewable energy, these two power generators hold a lot of conceptual appeal for investors. But just as important, they have stable cash flows from their diverse mix of hydroelectric, wind and solar assets. That diversity, plus their long-term contracts, will let… Read More
Last month we recommended some international ETFs—but at the same time, we noted that Canadian investors often have a bias for investing in their home markets. And we agree with that bias—we still recommend that most Canadians hold the bulk of their portfolios in Canadian… Read More
TRANSALTA RENEWABLES, $22.00, is a buy. The company (Toronto symbol RNW; Shares outstanding: 267.0 million; Market cap: $5.5 billion; TSINetwork Rating: Extra Risk; Dividend yield: 4.3%; www.transaltarenewables.com) continues to jump to new all-time highs for our subscribers—they’re now up a whopping 50.8% since we first recommended them in our… Read More
Higher power generation helped spur this firm’s revenue 6.8% in the most-recent quarter.
At the same time, clean, renewable power—and the stable cash flow it produces—holds a lot of conceptual appeal for investors. A diverse mix of long-term hydroelectric, wind and solar power contracts will help… Read More
With their clean, renewable power, these two companies hold a lot of conceptual appeal for investors. But just as important—especially in the wake of the coronavirus—they have stable cash flows from their diverse mix of hydroelectric, wind and solar power. That diversity, plus their long-term… Read More
CANADIAN UTILITIES LTD., Toronto symbols CU [class A non-voting] $33.34 and CU.X [class B voting] $33.59, is a buy.
The company distributes electricity and natural gas in Alberta and Australia. It also owns or invests in 5 power plants—1 in Canada, 2 in Australia and 2.. Read More
TC ENERGY INC., $55.91, Toronto symbol TRP, is still our #1 Income Buy for 2020.
TC generates steady cash flow for investors mainly through a 92,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres… Read More
Lower power generation was largely responsible for this renewable energy generator’s 13.6% drop in revenue during the most recent quarter.
However, selling wind power under long-term guaranteed contracts to clients including its parent company makes this firm’s high dividend relatively safe.
TRANSALTA RENEWABLES, (Toronto symbol RNW; www.transaltarenewables.com),… Read More
This month, we’re adding a new buy for our Canadian Wealth Advisor subscribers. TransAlta Renewables supports its high dividend for investors by selling wind power under long-term guaranteed contracts. That includes electricity sales to its top-quality parent, TransAlta Corp. The company further cuts risk for investors by… Read More
Central banks are keeping interest rates down in order to counter the negative effects of the COVID-19 pandemic. (The Supplement on page 69 offers you more info on how high deficits and low interest rates in the wake of the coronavirus will affect governments going… Read More
Learn everything you need to know in 'The Canadian Guide on How to Invest in Stocks Successfully' FREE Special Report from The Successful Investor.
How to Invest In Stocks Guide: Find 10 factors that make your investments safer and stronger.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
Information You Give Us: We receive and store any information you enter on our website or give us in any other way through sign-up forms or ordering forms for publications and services. You can choose not to provide certain information, but then you might not be able to take advantage of many of our services and features. We use the information that you provide for such purposes as responding to your requests, customizing your web browsing experience for you, improving our website, and communicating with you.
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Does TSI Network Use the Information It Receives?
"Contact Us" and Comment Features: TSI Network encourages visitors to its websites to contact us with questions and comments. Email addresses and other information of persons using these features may be collected in order to facilitate our responses to those inquiries.
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We may disclose personal information you have provided through our websites, for the above purposes, to persons or companies that we retain to carry out and other activities for which you have registered or in which you have otherwise asked to participate. In particular, we may for these purposes transfer information to any country (including the USA and other countries which may not offer the same level of data protection as Canada). We also will disclose personal information if required by law, including compliance with warrants, subpoenas or other legal processes.
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What Choices Do I Have?
Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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