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AltaGas Ltd T.ALA

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


TSX:ALA - Post by User

Bullboard Posts
Comment by Blunozeon Jan 27, 2019 10:42pm
176 Views
Post# 29287663

RE:RE:GOING TOO BE LONG WAIT

RE:RE:GOING TOO BE LONG WAIT
yeah, surprised I haven't ignored that one already lol At the end of the day, it's hard to predict what will happen here. I'm optimistic but pretty sensible. If I had serious doubts I'd have been out of here a long time ago. I've have to make that decision before but it's not the case here. I think we can all probably agree that we will see at least 300M net income for 2019 and a significant reduction in debt. At 15X PE that's still a fairly significant upside from here 4.5B market cap or 16.36 share price. Considering that would place this company at the lowest PE in the sector and we are more than likely going to see closer to 400M net income, we can start to see how a purchase at these levels is a huge opportunity.
Bullboard Posts