AltaGas has expanded from an Alberta-based midstream pipeline operator to a well-diversified utility. Power, gas utilities, and pipelines each provide about one-third of its revenues. Its powerstations are almost entirely run by clean energy sources such as hydro, wind, and gas. The company operates in B.C., Alberta, Northwest Territories, and Nova Scotia as well as in Alaska and Michigan.
Income Investor
Up 24% over the last year as interest rates have come down and its earnings have grown steadily, AltaGas remains a Buy for a reasonable yield and exposure to the growth in LPG exports to Asia. - Gavin Graham
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ALA was first recommended here on October 18, 2006