Post by
retiredcf on Dec 20, 2024 7:02am
Analyst Recommendation
He dealt with ALA a few weeks ago as a past pick. He owned it then so safe to assume that he still does given that he has a target for it. GLTA
WEAK BUY
Altagas Ltd(ALA-T)
19/12/2024
Cheap relative to growth rate for several years. If the company executes well and interest rates fall, this can get to his target of $39. Just reported, outlook was as expected. New products coming online in 2026 & 2027. Nice dividend, probably growing at 6% for 2025, and 5% thereafter. Trades at 13.4x, reasonable growth rate ~7%.
Still likes it, though GEI may look better right now on price to growth.
Oil / Gas
Greg Newman
$32.570
Unknown