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AltaGas Ltd T.ALA

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


TSX:ALA - Post by User

Bullboard Posts
Post by YodaLayhehooon Nov 08, 2019 1:02pm
223 Views
Post# 30328295

ALA and Inter pipeline

ALA and Inter pipeline Anyone else see the same thing happening to inter pipeline as what happened to ALA the last few years? Seems like a similar setup. I'm not an expert on IPL's current situation. They have to fund a huge captial program and they already payout much more than they earn. They missed on their lowest estimated earnings today and their dividend has been bouncing around 8% right where ALA's was previous to the massive collapse. If this plays out, i'd likely be a buyer of IPL around a 40% decline in stock price looking for a similar bounce back as was witnessed with ALA. Looking for low teens as I believe they will also be forced to cut the dividend. Anyone have any thoughts that follows this company closer? I'm not trying to bash IPL or anything just have some cash laying around ans looking for ideas. 
Bullboard Posts