AltaGas Ltd T.ALA.P.A

Primary Symbol: T.ALA Alternate Symbol(s): ATGAF | ATGFF | T.ALA.P.B | T.ALA.P.G | AGASF | T.ALA.P.H | ATGPF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.

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Post by retiredcfon Mar 14, 2024 3:23pm

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Post# 35933376

Analyst Recommendation

Last stock in the clip; he and his family also own it personally. As can be seen, he also got a question on the sector as a whole. GLTA

https://www.bnnbloomberg.ca/video/greg-newman-s-past-picks~2885520

PAST TOP PICK

Altagas Ltd(ALA-T)

14/03/2024

(A Top Pick Mar 03/23, Up 28%)

Strong utility growth, balance sheet, good valuation. 12.5x 2025 earnings, growing around 12%. PEG ratio of 1. Decent dividend of 4% growing at 6%. Might start to slow in 2026. Getting close to the end of this run, but still a bit more to go.

Oil / Gas

Greg Newman

$29.080

Owned

BUY