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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 marketsenseon May 07, 2021 1:23pm
343 Views
Post# 33153269

At last

At lastWe are seeing the unbelievable happen.    ALA is jumping up now in response to excellent
metrics and positive ongoing progress in their strategy of under promise and over deliver.
The remaining short positions must be covering now so that's adding fuel to the move.
The street is falling in love with their story.

Agree by next year we could be closing in on $30.   The Asian market still needs propane
due to the widespread lack of pipeline infrastructure to deliver gas to everyone like we have
in NA or Europe.   Propane is still their best option for cooking and even transportation. 

On the WGL side,   its a steady eddy business that ALA can count on for as long as they
want to own it.    I see ongoing dividend hikes every year which will attract more buying
and provide the momentum for higher sp.   This is like a $30 stock still on sale.   Plenty
of upside left IMO.
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