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 infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.

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AltaGas Ltd

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Post by Newuseron Mar 10, 2020 6:04pm

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Post# 30790594

RE:RE:RE:RE:RE:Why should I buy ALA at current prices?

IMHO when you look back on 2008 downturn, utilities and pipelines didn't fall nearly as much as other sectors such as finance and manufacturing. Since we now have low oil and natural gas prices, there is a fear that shale and oil sand projects won't be able to compete with off-shore suppliers. Depending on how long these low prices, we could see production cut-backs in the the US and Western Canada which would affect pipeline profits. ALA has large position as a utility which will help maintain its pricing. Also I believe it has a lower debt than ENB, PPL and IPL.

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