Lot of blood in the streets this morning.... Not only ALA but all companies in the oil/gas gathering & processing / mid-stream /transportation sector and utilities...are down
IPL down 4,1 %
KEY down 3,1%
TRP down 2,6 %
ENB down 1,9%
ALA down 2,8 %
FTS down 1,4 %
In summary very bearish sentiment overall and hope that OPEC will reach an agreement to postpone increase production for sometimes to come .
Covid-19 to hit harder in the coming weeks and vaccine effect is not for to morrow.
So not a pretty picture overalll .
ALA look to me pretty well positioned because of its revenues from the utilities in the US.and Ebitda from RIPET