[odyd 1,340]

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[odyd 1,340]

I am seeing CIBC giving $14 CAD to TransAlta, currently RNW.TO is giving around 6.6% dividend. I am hoping for $20, mind you.

[odyd 1,340]

yieldocs mostly gain today. RNW is like watching paint dry, at least not a loss.

[odyd 1,340]

La Caisse provides a $59.5-million loan to the New Richmond wind farm in Gaspésie

http://cdpq.com/en/news-media/press-releases/caisse-provides-595-million-loan-new-richmond-wind-farm-gaspesie

 

[odyd 1,340]

I believe rnw hit 52 week high

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[odyd 1,340]

RNW has been hitting higher 52-weeks daily; it was 14.13. I looked at the average of dividend currently paid by yieldcos, and it has settled down dramatically to about 5.41%, This would put the price of RNW to about 16.27 CAD,  Northland Power is having a yield of 4.41%, which brings the number to 19.95, I am hoping for this PT. If the stock can reach this, plus dividend, it would offer about 54% return for me.

While I see TERP move up, I am not brave enough to buy in. I will see if I can get the return in the less dramatic setting, but that can cost me some sweet return. I looked at the financials a lot better than I had thought.

[odyd 1,340]

Happy with RNW action this week, all done in ex-dividend environment on Friday.

I understand that product being a Canadian dollar equity may not be attractive due to exchange costs, but it seems to withstand Trump President as the enemy of the renewables.  On the other hand, Clinton, as I read elsewhere, and the platform is the democratic parties agenda, wants to promote renewables over natural gas, being a huge boom for renewables. If she gets elected, I would imagine US solar stocks to soar.

Owning TransAlta is not free of concerns; the parent is deeply engaged in coal in Alberta, provincial and federal plan has to retire those capacities forcing pressure on parent and of course impacting the timelines for new existing plants. I look at it as forcing the hand of the company to invest in renewables and of course RNW.  The timeline is 2030, so still, many things could happen to the coal generation, but I think TransAlta could be on the forefront here, at least in Canada.

The first timeline to keep owning this stock is November and then end of the year, based on Q2 results and Q3 forecasts. No need to rush into manufacturers before that and if transitioning only on deep discounts prior to what happens in 2017. 

[odyd 1,340]

Q2 results listed here. I was hoping they got a drop down, but I guess not ready yet

http://finance.yahoo.com/news/transalta-renewables-reports-second-quarter-205103607.html