AltaGas Ltd ATGPF

Primary Symbol: T.ALA Alternate Symbol(s): ATGFF | T.ALA.PR.A | 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

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Post by Possibleidiot01on Apr 12, 2023 6:55am

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Post# 35390005

more Ryan Bushell - stockchase.com

TOP PICK

Hold a lot natural gas processing assets located in prime areas--northeast BC--for LNG Canada, which is a slow-moving project but will be game-changing. Existing projects in Washington state and west coast Canada continue to be strong. NAT gas processing business is strong. Their utility business in the States trades at a big discount to peers because of their debt level. But they will sell their stake in the Mountain Valley Pipeline in 6-12 months, which will lessen debt. A misunderstood name, but an opportunity at these levels. Shares should trend around $30 looking ahead.

(Analysts’ price target is $31.06)

oil / gas

$22.880