AltaGas Ltd T.ALA.PR.B

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

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Post by retiredcfon Aug 02, 2024 7:04am

185 Views

Post# 36160104

Analyst Recommendation

First stock in the clip; he and his family also own it personally. GLTA

https://www.bnnbloomberg.ca/video/shows/market-call/2024/08/01/greg-newmans-past-picks-altagas-chartwell-retirement-residences-and-comcast/

AltaGas (ALA TSX)

Then: $25.90
Now: $33.66
Return:30%
Total Return: 35%

PAST TOP PICK

Altagas Ltd(ALA-T)

01/08/2024

(A Top Pick Aug 16/23, Up 35%)

Growth starting to slow a bit, but still near 7.5%; when you combine that with the dividend, still makes sense on a PEG of ~1. Trades at 13x 2026, cheaper than most peers. GEI starting to bite its heels, but still works.

Oil / Gas

Greg Newman

$33.680

Owned

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