AltaGas Ltd T.ALA

panic selling in the markets....seems so illogical

[jeffpei]

Not buying more ALA yet...last price 24.88...

[Capharnaum]

Markets may be irrational for a bit. Interest rates won't be up for long. Recession/stagflation will send rates back down to less than 1% within 18-24 months. Altagas will keep performing. With markets going down in anticipation for a recession, stock might see $22. Will be a great time to purchase. With continued performance and rates eventually moving back down, Altagas' stock price

[Johnwith30years]

Question:  When you say interests rates will go back down to 1%  what interest rates are you talking about BoC  prime??   Thanks  - appreciate your analysis re ALA.  I waqs surprised by the amount of the dip but know it will recover but how quickly is of interest.   Thanks Cheers 

[WalterWhy]

Anyone have any idea what's sparked the sell-off since last week? ALA was at $30.50 over a week ago, now dropped almost 19% in the last trading sessions. It's dropped by more than any index has, and also more than the price of oil.

[Capharnaum]

I think it's people selling their winners (where they are still in the green), putting extra pressure on stocks that have done exceptionnally well the past two years.

[Zelgadis]

massive sell off is painful. Buying the dip was not a good idea.

[WalterWhy]

Thanks--it's already been a painful few weeks, and today looks relatively muted everywhere else, except in energy, and then this is even worse than all my energy stocks.