Altagas Ltd (ALA-T)

Shares have nearly tripled from their bottom a few years ago. Their cross-border exposure benefit further from the strong USD and is often reflected in their strong Q3s and Q4s. He expects outperformance on currency alone as they advance their midstream projects on the west coast.

We're all trying to figure out which stocks tariffs will either impact or leave unscathed. There's a thirst for natural gas, and we need to get it offshore as part of the bridge to totally clean energy. Q3 beat. Midstream continues very robust, pricing tailwinds. Trades ~15x for 8% growth. Nice dividend.

Lower-hanging fruit is gone, but it still works from here so you can buy it. GEI is a better choice now.

Has been 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.

Really likes it as a mid-streamer and for its natural gas distribution. Nat gas distribution in the US is its growth engine. Extremely well managed. Dividend can grow annually. Good infrastructure asset. Solid growth.

(Note the short timeframe.)
Still likes it. One of his largest positions.

Picked for natural gas tailwinds with cheap share price. Good midstream business with global exports. Excellent value in the share price - at the time. Still priced fairly. Expecting earnings, cash flow and dividend to continue growing. A good company to continue to hold/ 

They're not that tied to the oil price, because they're more into natural gas and a midstream segment. This has pulled back with most utilities, due to interest rates and general profit taking. A well-run company that pays a good dividend. Not a bad name in utilities.

Trend is going in the correction direction. Would recommend investing. Ok place to be adding.  

He still likes it for the strengthening balance sheet and utility growth. It is a good infrastructure play and is still cheaper than its peers.

A good play, done very well. No reason not to own. Good future, especially with extra takeaway capacity coming online. Infrastructure opportunities in Western Canada are superb.

Instead, he owns PPL and ENB, mainly because of the higher dividend yields.

Growth starting to slow a bit, but still near 7.5%; when you combine that with the dividend, still makes sense on a PEG of ~1. Trades at 13x 2026, cheaper than most peers. GEI starting to bite its heels, but still works.

Exposed to AI, the growth in data centres, particularly in one county in Virginia (they say it's home to 60-70% of all US internet traffic). They need server farms, and natural gas is the backup power. The local electrical power producer can't keep up with all the demand that everyone's buying NVDA for. Nice yield.

He is thinking of buying it this week. It has a solid dividend and trend and he thinks the dividend goes up. Is looking for a stock price in the mid 30's by year end.. He would sell below $28.              Buy 11  Hold 0  Sell 0

Still likes business and will continue to own. Balance sheet continues to improve. Trading at a reasonable price. Expecting further growth. Growth better than peers. Excellent assets that are hard to replicate.