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Bullboard - Stock Discussion Forum AltaGas Ltd T.ALA

Alternate Symbol(s):  T.ALA.PR.B | ATGAF | T.ALA.PR.G | ATGFF | ATGPF | T.ALA.PR.A

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 > HI ALL Said I would re-assess at my initial target of 24
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Post by Johnwith30years on May 07, 2021 10:32am

HI ALL Said I would re-assess at my initial target of 24

Well Well its been a long wait but the last bit happened pretty fast.  It almost looks like today after ENB earnings came out and with Line 5 uncertainty as if there was some unwinding of pairs long ENB short ALA and that some players reversed that or at least proceeds from sale of ENB headed toward ALA..
We'll never know for sure but now what re ALA price.

I have put on some short calls today for part of my position at different prices with a number being the January 25s at  .57    I can always roll those ones out into later in 2022 but it adds  up to another 8.92% increase between now and September if target is reached counting dividends.  
Buy I always thought it may not be too long before we see the 26 mark which is max without a dividend increase I think. However if strong growth and earnings and a significant dividend increase are anticipated we could see it go right to 28 in early 2023  if all the stars align. 

I am keeping about 20% of ALA for shorter term trading and sold a little around 24.10. Will try to buy those back in shortly.   Enjoy the ride ladies and gentlemen...(if there are any!)
Comment by Bushman3333 on May 07, 2021 10:51am
I  say that Altagas will hit 30D next year, that not fiction, that realistic and achieve able. 
Comment by Bushman3333 on May 07, 2021 12:21pm
AQN for cast  for next year Revenu will be double, that makes sense, look they will have 1600MW more, that more what they got now, my God, just think about that ,it will be huuuuge profit, and will spikes share price few bucks, you will see that, remember that, also often analysts off track, I do my homework and rely on that to take my decision, that why I am not failure. 
Comment by Bushman3333 on May 07, 2021 12:25pm
Sorry I want to in AQN stock board, but I make mistakes 
Comment by MyLaughingStock on May 07, 2021 10:57am
Well who would have thought and I hope I do not jinx the share price. We have never seen this type of upward moves since around late in 2017 Unbelievable nice to hear from you again Sir John. Me I continie to hold have been since 2017 I believe we will eventually get back to the thirty dollar range and beyond if I live that long..  Cheers to all those who have hung in there.
Comment by jeffpei on May 07, 2021 11:11am
I also sold a small % at 23, 23.50 and 24.. Still holding 60 % of my ALA for a higher price and increased dividend. Plan to sell some in increments starting at 25.00 and every 50 cent increase until I base out at a reasonable holding to keep long term. Cheers. 
Comment by Johnwith30years on May 07, 2021 11:22am
JL      Curious about number of shares - if you'd like to pm me that would be great.Do you ever sell covered calls.
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