North American Utilities Powerhouse: A Hidden Gem
In the heart of Eastern United States, a Canadian-based utilities and infrastructure giant serves over 1.6 million residential customers, boasting an impressive $5.1 billion rate base on its infrastructure assets. Meanwhile, its Canadian liquefied petroleum gas (LPG) export facilities have a remarkable capacity of 150,000 barrels.
As an investor with a 5-7 year horizon, I believe a well-diversified portfolio should comprise a mix of dividend and growth stocks. This is where AltaGas, a North American utilities and infrastructure powerhouse, comes into play. With its strong presence in the Eastern US and significant LPG export capabilities, AltaGas presents an attractive opportunity for investors seeking a stable and growing income stream.
It’s worth noting that I have no personal stake in AltaGas or any of its affiliates, and my opinions are entirely my own. I’m not receiving compensation for this article, and I may consider establishing a long position in AltaGas’ preferred shares series G in the future. As with any investment, it’s essential to conduct thorough research and consult with a financial advisor before making any decisions.
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