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.

TSX:ALA - Post by User

AltaGas Ltd

Bullboard Posts

Comment by Sadie222on Mar 13, 2020 3:21am

106 Views

Post# 30802680

RE:RE:Just to say...

Panic selling.
Someone mentioned closing the exchanges for a week. Good idea.

JohnSP wrote: I've been trying to justify the huge drop in ALA.TO SP and can't.

1) ALA is now ~50% a Utility with hge WGL purchase, and Utilities have semi guaranteed income in a downturn.
2) WGL side of ALA income is in USD, supportive for CDN dividend.

That said pure utility company CU.TO is also down 33% from the high!

Everything is being sold, big deliveraging.