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

AltaGas Ltd > panic selling in the markets....seems so illogical

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Comment by Capharnaumon Jun 17, 2022 11:40am

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Post# 34764670

RE:panic selling in the markets....seems so illogical

jeffpei wrote: Not buying more ALA yet...last price 24.88...

Markets may be irrational for a bit.

Interest rates won't be up for long. Recession/stagflation will send rates back down to less than 1% within 18-24 months.

Altagas will keep performing. With markets going down in anticipation for a recession, stock might see $22. Will be a great time to purchase.

With continued performance and rates eventually moving back down, Altagas' stock price should be back to $32+ within 18-24 months.

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