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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 woolcoon Mar 02, 2019 8:32am
126 Views
Post# 29432647

Shorts covering will take us to over $20

Shorts covering will take us to over $20The shorts ( a few are clearly those posting negative sentiment here...some more stealth like with "over bought articles, only beat by 2 cents... etc...lol)

The gig is up on ALA...it WAS ...a great short...and its clear that the fog has cleared, new managment, beating expectations, debt in line, divy at good levels, ..and we are now on the move to a more reasonable level.

More upside here now than downside....so short position will drop fast...and that covering is going to drive us up for sure...can't see too many paying our dividends while they also lose money on the rising price.

Good times ahead now for the longs.  Hopefully I can get back to break even...lol

Resistance to the upside is well above $20 where alot of us got burnt...and the shorts jumped in.




Bullboard Posts