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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 marketsenseon Apr 16, 2021 5:38pm
218 Views
Post# 33015574

RE:RE:RE:Greg Newman view on ALA ....

RE:RE:RE:Greg Newman view on ALA ....Totally agree and have coninued to hold.  Don't get why their business model should be so
misunderstood.   They had a major restructuring of their business model a few years back but
since then continued to perform on all metrics since,  inculuding all through the pandemic year.  They own WGl,  2 lucrative propane export business licenses and % of pipeline assets.

I do get that many investors were upset over the restructuring  and the dividend cut so it still
lags its peers,  but as for performance,  its right up there.  Revenues increasing,  debt is
reducing and dividend increase this year.   I  don't see the reason for being misunderstood
by the market but I do see the reasons for buying and holding and have continued to add at 
strategic times when selloffs have occured.
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