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 woolcoon Feb 06, 2019 8:01pm

145 Views

Post# 29329533

Closed over 14.60

Well that goal now achieved over 15 easily will happen.

Earnings will obviously be strong...which is now driving stock price.

Below the line...won't be the best but who cares. Above the line, with the low % of earnings divvy pay out...stock will POP....

Shorts likely slowly getting out pre Feb 28 to avoid disaster.

Should rise to 16 range pre earnings...then pop likely to 17-18 range.

take a look at Enbridge...same type of issue...same type of solution....market getting comfortable with debt...and after another 2B in 2019 sold off...this stock will head back over 20...I am happy to collect the nice dividends from them.

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