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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 energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.


TSX:ALA - Post by User

Bullboard Posts
Comment by gentlewolfon Feb 06, 2019 8:12pm
175 Views
Post# 29329581

RE:RE:Hello Shorts

RE:RE:Hello Shorts Share price was brought to the low teens by the anticipation of
a cut in dividend. Without a dividend hike and in the best case
scenario of consecutive reports of good earning over the next
2 to 3 quarters I would place the upside limit at a 5% yield. That
gives a price around $20 which is quite a handsome return
from the current level. Unless you believe the market is
going to value ALA at a level higher than Keyera and comparable
to Pembina it seems highly unlikely ALA will recover to mid 20s
without an increase in dividend payout. I will be glad if I am
being pessimistic.
Bullboard Posts