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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

Post by bossuon Feb 23, 2021 7:50pm
296 Views
Post# 32643362

Big enemy to EBITDA number..

Big enemy to EBITDA number..

US $ /Canadian $ effect !
Becoming a treath to ALA EBITDA numbers but situation might reverse in a short while !

The Canadian dollar was trading nearly unchanged at 1.2606 to the greenback, or 79.33 U.S. cents, having traded in a range of 1.2585 to 1.2647. On Monday, the loonie touched its strongest intraday level since April last year at 1.2576.

The U.S. dollar reversed early gains after a dovish speech from U.S. Federal Reserve chief Jerome Powell failed to quell inflation fears.

“An inflationary surprise would be wildly bullish for the Canadian dollar given the abundant resources in Canada,” said Adam Button, chief currency analyst at ForexLive.

The price of oil, one of Canada’s major exports, was trading close to its highest in more than one year on signs that global coronavirus restrictions were being eased. U.S. crude rose 0.1 per cent to $61.75 a barrel.

 

Canada’s economy will have a solid rebound in coming months as COVID-19 restrictions are loosened, and an expected ramp-up in vaccination is boosting confidence in sustained strong growth into 2022, Bank of Canada Governor Tiff Macklem told an Alberta business audience.

Still, Button said, there were no indications in the speech that Macklem intends “to tap the stimulus brakes any time soon.”

Canadian government bond yields were higher across a steeper curve. The 10-year touched its highest since February last year at 1.278 per cent before dipping to 1.262 per cent, up 3.1 basis points on the day.

 

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