AltaGas Ltd T.ALA

Alternate Symbol(s): AGASF | ATGAF | ATGFF | T.ALA.PR.A | T.ALA.PR.B | T.ALA.PR.G | T.ALA.PR.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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AltaGas Ltd > Why are we going up...?

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Post by bossuon Jun 30, 2020 8:24pm

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Post# 31210744

Why are we going up...?

Quite obvious :

ALA is going to beat on the Q2 2020 EBITDA...and H1 2020/H1 2019
-Strong rate base rate 8.0 % to 10% throught 2024 from utilities
where ALA get 70 % of its revenue
- Ebitda increase from RIPET
8 loads in the Q2 up from 1 in the Q2 2019 or eight folds.

-Reduction in borrowing cost or of $ 2,5 M per quarter.

-Credit rating improving,

-6,0 % dividend yield

Cannot but be some good reasons to see share price increase...but need to be patient.

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