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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

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Post by marketsenseon Mar 04, 2021 12:11pm
210 Views
Post# 32715612

What happened

What happenedAccording to the market, " which is never wrong",  ALA was too high a risk to hold with
regard to the bond market.   Now today it seems that holding and buying ALA is back
on.  This type of nonsense is what investors need to ignore and hopefully most do,  but
obviously,  many don't and fall prey to market volatility instead of focussing on fundamentals.
I expect ALA to gradually break the $20 wall and trade right into its target zone between
$22-$24 this year.   ALA is on track to meet but will exceed IMO,  all their earnings and growth
metrics this year.     Their mantra now is consistency while underpromising and overdelivering.
A better recipe for a higher stock price would be a hard one to disppute.
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