AltaGas’s 3Q15 adjusted financial results (released October 30, 2015) were below Street consensus but FFO/share met our estimates, and we view the results as neutral. The annual Investor Day on November 2 showcased AltaGas’s two major new growth initiatives: providing services and market access for Montney gas producers (such as the 198 mmcf/d Townsend Gas Plant, currently under construction) and growth in its power business, particularly in the U.S. (where AltaGas recently purchased GWF Power f ....
