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.

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AltaGas Ltd > Update on strategy

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Comment by Capharnaumon Apr 08, 2022 2:03pm

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Post# 34588627

RE:RE:RE:RE:RE:Update on strategy

I think that Altagas is considered a safe holding (from economic turmoil) and I could see it trade at $35 by the end of 2023, which would be total return including the dividend of around 12%.

The $35 target at the end of 2023 takes into account continued organical growth, value from MVP and an increase in LPG exportations. Further value could be extracted from a split between the utilities and the midstream assets.

In the meantime, a strategy to increase return would be to sell out of the money covered calls.

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