Q: What is your opinion on AltaGas - is it a good investment for gas infrastructure?
For reference I also have Gibson Energy for oil infrastructure.
WCP and TOU are also owned.
For reference I also have Gibson Energy for oil infrastructure.
WCP and TOU are also owned.
5i Research Answer:
We think ALA is good, but not great. It did cut its dividend in 2019. It has started raising it again but it is not back to the same level. The stock is a bit expensive also at 20x earnings. But, cash flow is stable, the stock is doing well and it doesn't have much of a threat from AI. We would be OK owning it for income and some growth.