AltaGas Ltd T.ALA.PR.B

Recommanded all over ...

[bossu]

Exportation from Price Rupert Port with an outstanding  tonnage and  up 17 % Y/Y for 1 744 250 tons or about 41 loads in 2022
ALA has increase the original capcity of 1 200 000 tons for at 45 % increase and own 100 % of the operation.
Great achivement and about 70 % or so from Ferndale where they own the whole operation including  the wharf to load tthe propane and butane 
Demand from the Asian market is strong .

They have had some head wind with transportation costs from the CN and VGCL ships in 2022 but the acquisition of 2 ships will reduce the cost by 25 % and facilitate  the sheduling a the end of this year.
Utilities segment is operating in a regulated environnement with a 10 % increase Y/Y and capital 
investment made for the last 3 years is soon to be completed .
Share price is heading in the good direction and i like what I see and so are most of the analysts following ALA path.

[bttmfischer]

ALA  really bought 2 ships in 2022?  Was that action listed in their annual report?  The statement of "and the captal investment made for the last 3 years is soon to be completed" I did not understand. Could you clarify it please?

[bossu]

''AltaGas is also expecting the delivery of two dual-fuel VLGCs in late 2023 and early 2024 that are expected to reduce total shipping costs to Asia by approximately 25 per cent, compared with a standard VLGC. The new vessel deployments are also expected to reduce pricing volatility for AltaGas and its customers on a longer-term'' For the capital investment make your own research

[bttmfischer]

Thank you bossu. I am totally unfamiliar with maritime transportation, so I didn't notice the reference to the VLGC to be a large and very expensive( over $100 million US) ship. I assume the dual-fuel label means oil, and gas propellants. To bad we don't have a pipeline to the east coast to ship LNG to Europe. As far as ALA's capital investments are concerned, I hope that they stay

[farlharv]

AltaGas continues to advance its strategy to grow and optimize its global export operations at the RIPET and Ferndale export terminals. The company continues to work with its partners to improve efficiencies and control costs, including optimizing rail schedules and debottlenecking capacity constraints. This is expected to reduce transport times, usage and rail costs, as well as provide greater

[corvette67]

For a "TOP PICK" it is not performing particularly well. GLTA

[Undeniable]

Enjoy the dividend. Most stocks are not performing very well these days. It is a roller coaster for sure.