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AltaGas Ltd T.ALA

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

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.


TSX:ALA - Post by User

Bullboard Posts
Comment by Blunozeon Feb 01, 2019 4:06pm
143 Views
Post# 29307861

RE:RE:RE:bad management?

RE:RE:RE:bad management?
imo it has very little to do with management and a whole lot to do with Q3 report looking awful and investor sentiment looking at a partial view of the bigger picture. That then created an additional reason for sell-off when the dividend was cut. Q3 was a one time setback due to costs associated with acquisition and a heavily seasonal business that earns very little during the summer months. Investor sentiment falling created an unsustainable dividend scenario due to dilution from the DRIP. If investors had not been so short-sighted, the stock would have remained in the 20 dollar range and dividend may not have been cut. We have less roughly a month before we see how Q4 has been and judging by the weather we've been experiencing it should be good. That along with the possibility of further asset sales being announced and RIPET coming online, we should see significant increase in market cap. Personally I think we will be valued around 6-8 billion by summer. As much as it is unfortunate to see the stock go the way it has, it also presents an incredible opportunity.. if you choose to see it.
Bullboard Posts