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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 14, 2020 11:04am
342 Views
Post# 31552554

Current thoughts about ALA

Current thoughts about ALAThe respectable analysts all have their targets at 20 or higher.  With the weakest quarter coming up and strong fears about what a second wave will do no one is piling into ALA as you know.  It is not very liquid easy for shorters to drive down again if their is another good fear based opportunity - however the real value will eventually return  _ I would think by their 4th quarter results.  Still not surprised if December sees 20 but it may take a bit longer to get there  - I hav ebasically delayed my $24 target by a year to January 2022 instead of 2021 due to pandemic.  It is true that fossil fuels are no longer in the swet spot and climate change will continue to force change - but infrastructure of natural gas will at least run out its useful life and the Asia export market will remain strong. So for the next 25 years I am not concerned.  Utilities will begin more transitions into renewables and we will see ALA  do that also over a long time frame   - Shorter term the income that many investors want will likely look better with utilities than banks so I would buy ALA at these prices - you saw what the 2nd quarter earnings briefly did  - nearly to 18   but once uncertainty is reduced we are going ionto the 20's   Still my largest income based position - and getting larger.... GL  patient longs   Not selling many calls  just a small percentage to increase my monthly income as I want to be ready for higher prices to come.   
Bullboard Posts