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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 Johnwith30yearson Apr 26, 2021 1:01pm
199 Views
Post# 33067349

TO Be Fair to analysts and to utilities re fugitive emission

TO Be Fair to analysts and to utilities re fugitive emissionit is true there are several good ones out there  who have hung in and had outperform ratings for quite along time.  I always appreciated Linda Ezergailis's analysis and she has been positive for a long time.  Interestingly she is an engineer by background and not first and formost a financial person but she acquired those skills later on.  SAhe is waiting to give further guidance after Earnings and that makes sense to me when they hav ea fuller picture.  I am quite sure her long standing target of 22 will get raised.

The issue of costly fugitive emissions was raised.  But my understanding is that if you seal a leak you also save the gas and its economic value to you.  Then for a utility when you do repairs and maintenance or lay newer pipe to replace old, the regulators allow you to charge for those costs  which is exactly what ALA has been doing.  so whether you view green as eco-Natzism or not- I do not,  the costs are not an issue for ALA.    I do agree though that there is an industry penalty to pay if you art enot seen as green or renewable right now.  MY 24 target for ALA has been taking that into account.  
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