AltaGas Ltd T.ALA.PR.B

Domn tren in the oil sector

[bossu]

Quite evident that the we see a profit takiing in the oil sector afer a huge run.
Let's the dust settle and follow the up trend coming back later on but market timing is pretty difficult to predict.
Ala is a solid ''Utility and Mid stream ''and the 2022 guidance are very good and the Q1 to be good and the strongest of the year!

 January and February weaker at Ripet and not aware on Ferndale operation.

However a 20 % drop for  January and February shippement at RIPET

                   2022 end of February  2021 en of February

Numbers       183 896 tons                     230495      or less 20 %
                            4 shipements               5 shipements
                       39 372 bar/day                49 110 bar/day 

                    2022 February                 2021 
                        92 877                        138 167
                       2 shipements       3 shipements

Note: 1 shipement is $ 5 M accreditive to the EBITDA number.

At $ 28 is not the time to buy back or increase a position and as I'm writhing the share price is at $ 27,47.
We have to take into considaration the whole sluggish market action
which look to me rather negative.

However March should be 3 shipments

[bossu]

It look like the March shipments to be 4 and not 3  Already 2 shipments out in March       Leto Providence actually loading And Berge Nantong around March 19  Total for March 4  Total for the quarter to be the same as last year. just to show that RIpet is operatig smothly and no bad surprise on this front However in the ''dark'' with Ferndale