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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 Jun 18, 2020 12:33pm
175 Views
Post# 31165332

RE:RE:The dip I mentioned lasted about 2 min.

RE:RE:The dip I mentioned lasted about 2 min.People who know me know that I hold a major position of ALA   and sell options against a portion of it and also have a small trading position.  I don't like to talk about short term profits unless someone is out there bragging but yeah today was a nic eopportunity so in my trading account I just sold   but the major picture is over a hold until January 2022  I see a minimum pric eof $24  and that is when I will re-evaluate the larger position. It could run to 28 or so if all the stars align - remember - debt is going down interest rates are much lower now for retructuring debt - they have just done some of that and they trimmed their dividend so the next move for the dividend is up.  I am a long term patient investor who triues to buy after irrational dips or shocks to good companies:   This one bought good assets at too high a price and the stock plummeted - then we were on the comeback trail until coved.  The comeback trail will continue  GL

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