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Bullboard - Stock Discussion Forum AltaGas Ltd T.ALA

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

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 > Hap Sneddon - BNN - TOP PICK
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Post by Possibleidiot01 on Aug 08, 2023 6:26pm

Hap Sneddon - BNN - TOP PICK

TOP PICK

Has owned this for a long time. He added in the past year when shares were in the dumps, and has seen a nice upside in the past year as it pays a nice 4.5% dividend. Recent earnings were decent and they're paying down debt. They had a favourable ruling in the U.S. over a pipeline. Selling an asset will accelerate debt repayments. Buy a half position and do the DRIP. You don't have to be bullish in natural gas to buy this, not as much. The technicals show nat gas is basing nicely. ALA collects a toll of whatever flows through their pipeline, but of course the more volume the better

(Analysts’ price target is $31.79)
oil / gas
$25.530
Owned


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