RE:RE:RE:RE:RE:RE:AltaGas Announces Intention to Redeem All Outstanding SeriesAbout the dividend paid by ALA to Sept 30:
_To preferred holder $ 50 M and $ 66 M to Dec 30
_To common shareholders $ 201 M and 268 M to Dec 30 for a total of $ 334 M
Adding just 0,01 to the actual 0,08 monthly payment will cost an additionnal $ 28 M per year
So buying back Serie I will save $ 10 M and Serie K another $ 15 M for a total of $ 25 M (possible)
Of course issuing notes at 2,1% interest to cover the PR shares buyback a possibility.
It might be the time for Randy to think now at the common shares holder !
And the announcement could come at the same time of next 2021 ALA guidance and strategic Plan and hopefully at the same time of the final signature of 37 additional Petronas'equity.
This could come on December 17 and the announcement will be call ''2021 Guidance and Strategic Plan''
Is it not nice Suday readers or is it just''Fantasy,''?
[]Glad to see that the point I raise attract some positive view!; ALA is srenghtening its financial position and can make positiv move in reducing the borrowing cost and increase the EBITDA Just to say that financial position is stronger and bottom line improving to a point that dividend might be increased in the coming months. In my mind Increase EBITDA from Ripet,increase 8% revenue from the $ US 4,38 B rate base,gas gathering and processing, NGL extraction and fractionation and storage and the 74% Petronas ownership to be signed at the end of the year will add nice number to the bottom line. Cannot be more optomistic on ALA
This is my view .