Many good reasons to hold ALA going into Q3 and Q4 earmings The 3 best reasons to be in:
First one:
-Petrogas 37 % acquisition to bring a 75 % total equity and to be much more accreditive to the Ebitda than anticipated .Ferndale is delivering about the same or more exportation than RIPET where 50 000 b/d where delivered to Japan in 2020
With Ferndale, total exportation to Japan should be 100 000 b/d.
In the H1 a total of 29 ships were sent to Japan and probably 60 for 2021 and a total Ebitda of $ 5 M /shippement for a total of $ 300 M
Just remembering that in 2020 27 shippements were made and on a percentage basis 2021 is a 222 % increase from last year .
Second reason and from Randy on the Q1 2021 results:
-After the strong start to the year, we have increased our 2021 financial guidance ranges as our confidence in our forward strategy and our long-term growth prospects is very strong.( April 29 2021)
Third reason:
-Utilities EBITDA from the 1 400 000 customers in the US is a strong and steady contributor :
And as Randy was saying:
«"Within our utilities segment, we continue to focus on delivering better customer outcomes. This includes making ongoing investments that improve safety and reliability, reduce leaks, and drive better environmental outcomes, while also growing rate base. As a result of these efforts and capital investments, we continue to show steady progress in reducing our operating costs. When coupled with the tailwinds associated with the implementation of updated rates and increased revenues in the District of Columbia ($19.5-million (U.S.) revenue increase) beginning April 1, 2021, and Maryland ($13.1-million (U.S.) revenue increase) beginning March 26, 2021, we believe we are well positioned to show strong improvements in forward operating performance and be in a position to earn our allowed returns by 2021 year-end.
Just to show why we shoud hold going into the Q3 and Q4 2021 and the ''odds''look to me favourable !
But remember : Stock Market is never 100 % sure and you have to chose the good on and be patient .
From the analysts point of view, and of course my ownn view ,ALA is
a very good bet and a lot of $$$$ in !
By the way, it's a part of my 40 % investment in this overheated market !
Cheers