Analyst Commenthttps://www.bnnbloomberg.ca/video/greg-newman-discusses-fortis-and-altagas~2015722
COMMENT
Altagas Ltd (ALA-T)
August 17, 2020
Fortis vs. Altagas ALA is riskier, but it's starting to come into the cycle so, it's doing a lot better. Fortis is a steady-eddy withe nice free cash flow growth and trading at an okay 17.4x valuation, in line with AQN. They hold a lot of renewables, so it will do fine if Biden is U.S. president. It has US exposure. he likes them. He prefers Fortis. Some money has flowed out of here, so it's not trading at the top. With interest rates being a lot lower than before, all these names can trend up 10% in the future.
Greg Newman
Price
$18.000
Owned
Unknown