The Globe and Mail reports in its Wednesday, Sept. 6, edition that National Bank Financial analyst Patrick Kenny is keeping his "outperform" recommendation for AltaGas intact. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kenny boosted his share target by a loonie to $33. Analysts on average target the shares at $31.60. The Globe says Mr. Kenny thinks AltaGas's $650-million acquisition of natural-gas assets from Tidewater Midstream and Infrastructure fortifies its mid-stream platform, "strategically locking in supply for LPG exports." The deal includes $325-million in cash and $325-million in shares (approximately 12.5 million priced at $26.07 each). Mr. Kenny says in a note: "Expected to close in Q4, the Pipestone assets fit squarely into ALA's midstream strategy, adding approximately 15,000 barrels per day of highly contracted liquids handling capacity pro forma Pipestone II, translating into 6,500 bpd of propane/butane supply to be directed towards the company's global exports platform by H2/25. Longer term, propane/butane supplies could move up to 11,500 bpd through processing additions beyond Pipestone II, representing 10 per cent of its current global exports."