AltaGas Ltd T.ALA

Correction to Bossu's data

[Johnwith30years]

Hi Bossu.  Please double check your figures against the actual Altagas quarterly reports as  you just claimed my assumption about reaching $2.00 for the year would not be met - however you then said Q1 was 1.20 in normalized earnings - No it was $1.29 and then the second quarter was .08 so we have $1.37 in ther bag already.  Now in q3 last year thery earned .04 so I hypothesized a modest 12% increase to bring this quarter to .0448 - I think it will actually be much stronger  and then added 12% to the earnings of 4th quarter 2020 which was .53 cents so at 12% gain we get 59.36 cents  If you add all that together it comes to 1.37 plus .0448 plus .5936 = $2.0084 or round it to $2.00.

I would just point out that year over year they increasesd earnings in the first quarter by 63%  - If they did the same in their 4th quarter leaving the third quarter at a modest .0448  then 53 cents from 4th quarter last years' times 1.63 = .8639  Added all together that becomes $2.2787 for the full year in earnings !

Now they mentioned an accounting charge they have to deduct from some blend and extend arrangements signed in 2018 due thi syear so I don't knwo the effec tof that but you can see from the above that $2.00 for the full year is actually quite plausible  - which is why many analysts 12 months targets are up around the $30 range. GL

[Dragon1]

Yes I think you're in the right ballpark,with the 4-5% div increase we will be at $30.

[Johnwith30years]

Hi Dragon:   I want people to be clear I do not think ALA goes to $30  after the thrd quarter earnings.  I think they will have to see a decent 3rd quarter even though its weakest,  then a dividend raise either now or after the forth quarter or with December Guidance document; I think the strong total year earnings will need to be out after end of 4th quarter and a strong

[Dragon1]

Right,I'm also thinking 2022 if all holds well.

[bossu]