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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

Comment by bossuon Jan 26, 2021 3:42pm
146 Views
Post# 32390134

RE:RE:For those interested

RE:RE:For those interestedJust want  to remember what Randy has said on December 9 at the time he announced a 10% div increase:
«As we approach the end of 2020, we expect to deliver operating and financial results that are in line with the expectations we set at the beginning of the year, despite the COVID-19 global pandemic. This is a testament to the durability of our diversified business and the purposeful actions we have taken over the last 18 to 24 months. In the utilities business we are realizing the benefits of our 2019 rate cases, continued investment in our systems through ARPs, and solid progress on closing the ROE gap through reducing operating costs and leak rates. In the mid-stream business, we continue to advance our distinct energy export strategy, including: (1) the completion of our North Pine and Townsend 2B expansions, which significantly expanded our processing and fractionation capacity within the Montney region and support higher export volumes; (2) making significant progress on our operational and logistical capabilities at RIPET; and (3) announcing an agreement to increase and consolidate our ownership in Petrogas, which will allow AltaGas to provide producers and aggregators with enhanced access to premium global LPG markets.

ALA has done and an excellent  showing in 2020 with an Ebitda/share to the amount of $ 4,80 to $ 5,00  .



jeffpei wrote: ..very interested John. Agree that FTS should do well in 2021. Disagree with the timng of your sale of ALA, based on the upcoming quarterly reports. I expect that ALA will push towards 22.00 before Feb reporting...
ALA is still my #1 holding, others include FTS, AQN, PPL and GEI. anyway best of luck to all.


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