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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 Dec 17, 2019 9:44am
117 Views
Post# 30462972

If my thesis is correct

If my thesis is correctthen many short shares were put on in a pairing with ACI.  That closes in June.   So between now and the closing there are millions of shares to buy back.

The recent downdraft means that the stock is in increasingly strong hands so between now and June with strong seasonal earnings to come out and the ever more likely announcement of a dividend increase ( although  postponement is entirely rational and appreciated by credit bureaus)
The line of least resistanc efor this stock will be upwards between now and June.  It is somewhat immune from trade talk gyrations so sit tight for more upward movement  - IMO
Bullboard Posts