Post by
bossu on Oct 13, 2021 8:49pm
Ripet activity so far this year ...
Just to tell you some 'fact about Ripet so far this year and guestimate of what we may expect from Ferndale that coud be ''endorsed''buy FGuy
So, as of September 30 1,130,461 tons of LPG were sent to Japan compared to 852 294 tons last year and this is a 33 % increase.
The shippemnt to September 30 is what ALA was expecting when they first made their forecast on Ripet 2 years ago for a full year of operation.
So a real success for now.
Just addding some spice to the situation, Ferndale has or is going to have better results than Ripet with the LPG exportation and we way read between the line that Ala is investing at Ferndale where they ''Own''tthe Port facilities,
Just remembering that last year Ferndale was not contribuying to Ala EBITDA and Petrogas acquisition is another home run for ALA and exportation of LPG will be about !00 000 b/d for 2021
The analysts have been taking note and surely still buying the Ala success storey because of the LPG exportation.
However, the unknown for me is what will be the effect of the surging gas price so far as well as the EBITDA number !
It look like that with the share price appreciation Mr Market is giving tumb up to the next financial report !
Cheers
Comment by
Joe455 on Oct 14, 2021 2:16pm
Slow and steady wins the race. ALA is acting like a blue chip utility.
Comment by
Undertaker on Oct 14, 2021 2:22pm
Surprise ??? For me the best surprise is no surprise .
Comment by
Dragon1 on Oct 15, 2021 10:10am
The next financials and another 4% div increase are going to get us to $30. Your right,we are a bluechip utility and with some asset sales and further debt reduction our div rate should get up there with Fortis,Emera,Algonquin,etc.