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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 EA12on Oct 29, 2019 7:15pm
297 Views
Post# 30284132

Tomorrow will be very good for ALA

Tomorrow will be very good for ALALast year anaylists were nervous but gave the company the benefit of the doubt.  The market was out front of them and predicted a drastic dividend cut.  This year the anaylists are all forecasting positive improvements for the company and the share price.  I don't believe management has made any missteps year to date.

The company is accutly aware of the imortantce of tomorrow's conference call.  They have a good buffer with the debt reduction ahead of schedule and better than the market anticipated. 

Additionally, new projects are proceeding well.  I am not sure that the sale of ACI is good for the long term, but for now it is getting a premium price.  

It worries me that the market is predicting a miss tomorrow, but  can't imagine how they can do anything but surprise to the upside. 

EA
Bullboard Posts