- The spice must flow: Natural gas demand isn't going anywhere.
- Altus Midstream has signaled a $6 dividend for 2021. This is well supported by cash flows from existing assets and the new PHP pipeline.
- Higher natural gas prices could lead to further upside in the Alpine High region which would further growth in cash flows and the dividend.
- If things go as planned, it's not unreasonable to surmise that ALTM could one day trade for $60, or a 10% yield, on a $6 and growing dividend.
For further details see:
How We Were Able To Buy Altius Midstream With An Implied 33.6% Dividend Yield