Here are updates on two of your buys: AltaGas & ATS

Article Excerpt

Long-time readers know that we aim to keep you informed of important news about the stocks we cover. That means highlighting developments and plans that promise to bolster investor gains. Here are two buys that stand out this month: ALTAGAS LTD., $30.45, is a buy. The utility (Toronto symbol ALA; TSINetwork Rating: Extra Risk) (www.altagas.ca; Shares outstanding: 296.2 million; Market cap: $9.0 billion; Dividend yield: 3.9%) and partner Dutch tank storage company Royal Vopak have announced a positive final investment decision on the Ridley Island Energy Export Facility (REEF); that’s a large-scale liquefied petroleum gas (LPG) and bulk liquids terminal with rail, logistics and marine infrastructure on Ridley Island, B.C. The facility is projected to cost $1.35 billion, excluding governmental incentives and support. Site clearing work is more than 95% complete, and with required permits in hand, the project is expected to come online near the end of 2026. With only 10 shipping days to the fastest growing demand markets in Northeast Asia, REEF has a structural…