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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
Post by Johnwith30yearson Jun 11, 2019 9:46am
174 Views
Post# 29814836

The June Investor Presentation

The June Investor PresentationBY my read I think ALA is poised for profits on the ER even in th elow second quarter looking at the seasonality  slides.  If the new CEO is wanting to build confidence by " Under-promising and over delivering - as he cited, then he may well have insisted on high confidenc elevels on the targets re-iterated in thsi June 10th presentation.  The market I believe is only looking for evidence that estimates and plans will be on target.   If so we will see much higher prices as soon as that evidence is available.  Even if there is some delay - the assets and growth are all there - so barring a market meltdown or much higher interest rates or failure to sell assets as promised  this stock is poised to move like ACI... speaking of which ACI assets may be fully valued now and might be a useful asset sale.  I am thinking my Dec 2020  target of $ 24.00 is too low  and will be reached sooner than Dec 2020.  If all goes well 28 is not out of the question.  In the meantime - we await another catalyst  - an asset sale, an announced expansion of Ripet, a rate increase approved, or a surprise( to the market - not to me positive ER in early August or late July.   GL 
Bullboard Posts