AltaGas Ltd T.ALA

A few days ago I suggested a sell and

[Johnwith30years]

indicated that I thought ALA had moved with oil and any short term retracving would allow you to pick ALA up below 30.   It should be save to add back now before ER especially if you are willing to be patient.  ER should be excellent with good news stories from company  - analysts are now well above 30 and my own work suggests  we see higher.   I don't usually trade much but captured a nice movement selling near the recent high and buying back in now.  GL to all.  John

[Undertaker]

I  agree with you Johnny, its good to be positive, those guys bashing altagas should spit on them, however, the problem is stupid federal Reserve hiking interest rate  no brain what soooo ever, by doing so, killing the economy, the problem with inflation potroleum is to high, and  lack of man power .

[GunnerG]

The economy is booming, unemployment is low and inflation is soaring. WTH do you expect the fed to do, they only have one weapon to fight this type of inflation.

[Capharnaum]

I don't think that inflation was caused by increased demand but rather due to lower supply (which would drive price increases). If that's right, reducing demand would incurr a recession, which is what the markets are worried about. The best way to reduce inflation would be to increase supply back, but the Fed can't do that with rates, it can only reduce demand.

[BSdetector2016]

Governments around the globe have lubricated economies/markets by too much spending. All that "free" cash circulating is what is overheating things and causing inflation. The "free" money flow has to stop and the only way to do that is to slow the economy by cranking-up rates.