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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 Sep 09, 2019 11:20am
133 Views
Post# 30108712

I like to be accurate

I like to be accuratebut I confess I responded from memory re the EBITDA from propane - so thanks Bossu for the correction.  The other EBITDA will fulctuate of course  but if there is even a flat number instead of a negative number  that will be way better than the average analysts assumptions - however what I see is a muted market response unless a new asset sale is announced. If it is ACI  they will want to time it to capture the most dividends they can before selling  and may privately have told their bankers when they will pay down further debt so the asset sale may only come in the fourth quarter. However that will be a very strong quarter and the market may begin to anticipate that  although as you know there has been wonderful scepticism out there which has been the buyers friend.  In a sense of course one wants the stock to be very cheap until the day you wish to sell when you want it to soar..lol 

I still hold to at least $24 by January 2021 but will not be surprised by 28 plus if all cylinders are firing. Once the debt worrie sare done the market will repond and once we see a new dividend increase a new kind of investor will return
 
Bullboard Posts