AltaGas Ltd T.ALA

Stronger $ US

[bossu]

Most of ALA revenues are in US and the  report in Canadian $
At ,74  the factor is now X 1,35 while it was not so long ago X 1,26 
Of course Q3 is the weakest in revenue but the share price has a nice showing and increase revenue  in the Q4  combine with a weaker Cn $ ALA share price should be back at $ 30 or more even with a mild Recession !

Note with hypothetical number :
  $ US 5, 0 B revenue with the actual exchange rate at 0,74..= $ 6,75 B
and    $ US 5,0 B........................................................at 0,79 =  $ 6,30 B
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,Bottom line  + $   45 M

 The old man is still ''in''with  a modest anount  and see a better overall yield than a 3 years ''locked'' CPG at 4,4 %

[GunnerG]

Might as well go with TD,  Better upside and higher divy with the bank.

[Teccing]

Not that I agree with you about TD isn't bad, but bank stocks don't do well in recessions. If interest rates keep going up, it's not if it's a recession, but how bad will it be. The US side won't be hurt nearly as bad as Canada. Our personal debt levels are very Extended compared to South of the boarder. Stick with energy, and possibly mining, after the markets take a deeper

[bttmfischer]

I agree with you again. During the last recession about 20 years ago I bought bank preferreds at 50 percent of face value. Once things got going the Bank called them, and I made close to 85k. Since the preferred were called in, there was no commission.  Nice. Anyway I also had some TD preferreds,which I held for 5 years, collecting the nominal 4.7% dividends, and since I bought them on a

[GunnerG]

I bought TD stock during the covid recession Feb-Apr 2022.  Dropped from $78 and I bought for $49.50. Divy at that time was .79/qtr or 6.4% per year.  Very happy. Happier when I sold at $107.10  Still hanging on for a lower price.

[bttmfischer]

GunnerG as  it was said many times by some who know: TIMING IS EVERYTHING.