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AltaGas Ltd T.ALA

Alternate Symbol(s):  ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.


TSX:ALA - Post by User

Bullboard Posts
Post by LTOWNERon Feb 23, 2012 8:02am
200 Views
Post# 19571696

Top Pick Again Last Night

Top Pick Again Last Night

John O'Connell picked ALA again last night, having bought more shares yesterday at $29.00.  The $403 million offering at $29 per share has definitely been a drag on the share price of late, but O'Connell says the acquisition is a "real game changer" for ALA, making them a much larger company.  He spoke of "really really great management" and said to expect dividend growth of between 5-7% over the next 3 years, then 10% annual dividend growth thereafter.  I like the company for the long and short term but it may still require patience as more big money has switched into higher growth, higher risk companies.  We may see better upward action if the overall markets correct, as we saw near the end of 2011

Bullboard Posts