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Bullboard - Stock Discussion Forum 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... see more

TSX:ALA - Post Discussion

AltaGas Ltd > Big enemy to EBITDA number..
View:
Post by bossu on Feb 23, 2021 7:50pm

Big enemy to EBITDA number..

US $ /Canadian $ effect !
Becoming a treath to ALA EBITDA numbers but situation might reverse in a short while !

The Canadian dollar was trading nearly unchanged at 1.2606 to the greenback, or 79.33 U.S. cents, having traded in a range of 1.2585 to 1.2647. On Monday, the loonie touched its strongest intraday level since April last year at 1.2576.

The U.S. dollar reversed early gains after a dovish speech from U.S. Federal Reserve chief Jerome Powell failed to quell inflation fears.

“An inflationary surprise would be wildly bullish for the Canadian dollar given the abundant resources in Canada,” said Adam Button, chief currency analyst at ForexLive.

The price of oil, one of Canada’s major exports, was trading close to its highest in more than one year on signs that global coronavirus restrictions were being eased. U.S. crude rose 0.1 per cent to $61.75 a barrel.

 

Canada’s economy will have a solid rebound in coming months as COVID-19 restrictions are loosened, and an expected ramp-up in vaccination is boosting confidence in sustained strong growth into 2022, Bank of Canada Governor Tiff Macklem told an Alberta business audience.

Still, Button said, there were no indications in the speech that Macklem intends “to tap the stimulus brakes any time soon.”

Canadian government bond yields were higher across a steeper curve. The 10-year touched its highest since February last year at 1.278 per cent before dipping to 1.262 per cent, up 3.1 basis points on the day.

Comment by Johnwith30years on Feb 24, 2021 5:56am
Previous report indicates US exchange rate may decrease ER by about 1.6 cents max per share.  Not a big problem
Comment by bossu on Feb 24, 2021 12:52pm
The Canadian $$$ at its highest since April 2018 ...79,79 Factor is 1,25 When the Canadian is at 0,76 Factor is 1,31 On $ 5.0 B US it is quite significative ! about 5 % Of course exchange could change direction pretty fast but for now ,not to ALA advantage !
Comment by Johnwith30years on Feb 24, 2021 2:27pm
If  you look at their last earnings report they indicated the change from a 1.33 to a 1.32 rate  was about 1 million on EBIDTA  so assume . they lose 4.5 million over the period  - and there are 279 million shares   so a loss of 4.5 million per share equates to  1.6 cents per share.   
Comment by bossu on Feb 24, 2021 3:01pm
But for now as of today Canadian $  the factor is not 1,32 but 1,25 so a bit of a difference ...and hurt the bottom line.
Comment by Johnwith30years on Feb 24, 2021 3:04pm
All I am saying is that  the drop did not happen at the beginning of the quarter and I am possiting a 4.5 cent change during the quarter   - Yes if it continues into next year for the whole year but then that will be becasue the Can dollar is strong and that will be becasue of firmer oil and gas prices  so one rather offsets the other so no real worries I think.   
Comment by mrbb on Feb 25, 2021 1:44am
since both canada and US are printing like mad, which currency do you see would drop more,  CAD and USD?