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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 Johnwith30yearson Aug 06, 2019 8:40am
83 Views
Post# 29996705

RE:DOW DOWN 778 TODAY

RE:DOW DOWN 778 TODAYUtilities are tradionally considered a good safe harbour during market declines because so much of their revenue is regulated and quite presditable.  Japan also has a need for propane so I am not too concerned about revenues in the present climate.  That said, uncertainty and volatility tend to roil or affect all stocks to some degree in the very short term - but if you are asking whether I would lower my longer term - 12 month target based on recent events and the trade dispute I wouldn't.  In fact ALA was beaten up so badly and there are still so many shorts to close that this is a good candidate for a bump uwards at any time - especially aftern next asset sales  but the real upward thrust comes after qtr 4 earnings   - patience..
Bullboard Posts