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

AltaGas Ltd

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Post by Quick4youon Oct 18, 2018 8:11pm

249 Views

Post# 28831598

...cash flow is going up !

He's happy to hold this. ALA closed the big WGL deal closed--taking on a lot of debt just as interest rate are rising. They are now selling off minority stakes in some mid-stream assets that'll reduce debt. You're paid while you wait. They raised the dividend.

It will compelte building a propane export terminal on the west coat in Q1 2019, which will give ALA a big boost in earnings.He's happy to wait. Underlying cash flow is going up, so the high dividend is secure.

He sees encouraging signs in new earnings streams; a very solid company. Yes, carries a fair bit of debt, but it has the cash flow.

October 1, 2018

Reference :
https://stockchase.com/company/view/51/ALA-T

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