AltaGas Ltd T.ALA

Alternate Symbol(s): ATGAF | AGASF | ATGFF | T.ALA.PR.A | T.ALA.PR.B | T.ALA.PR.G | T.ALA.PR.H | ATGPF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.

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AltaGas Ltd

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Comment by Dapper1on Nov 04, 2018 10:37am

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Post# 28920977

RE:RE:RE:Scotiabank and TD Securities reissue buy rating on ALA

Jhonny, I think you nailed it. They will sell to a pension plan and still be the operator. It's possible that they will sell 35% and keep the remaining 30%. This along with ACI's 10% leave sthem with 40% and still effective control. They can then lever this for a new bridging loan of about $600-700M. Selling to a pension plan leaves open a future possibility of repurchase, as they have done with ACI. Selling to BEP.Un closes this door IMO.

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