AltaGas Ltd T.ALA

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

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AltaGas Ltd

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Comment by Sadie222on Jan 21, 2020 4:39pm

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Post# 30579872

RE:Why is it?

Probably because of the spec element. ALA needs to prove its performance over the winter quarters and prove it’s above the NG pricing issues plaguing the suppliers. In theory, there’s a risk their midstream customers could default (I guess). That could be something the bears are watching.
Our east coast pipes service LNG export as well (iirc), which may be under-performing.

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