RE:RE:This could happen any time..to lock value :Is ALA NEXT?rustyblades wrote: Personal opinion but I think any company with management that thinks the best way to unlock shareholder value is to sell the company, needs new management.
I think the idea would be to either sell one part if value isn't recognized by the market (is: Midstream worth $15, Utilities worth $20, Combined trades at $21). In that situaiton, selling Utilities for $20 would increase shareholder value, even if the Midstream portion trades at $12 afterwards.
I think they are also open to spinning off the parts (so you'd have three stocks, Altagas owning both other stocks, then one stock for the utilities and one stock for the midstream), if they think it can help maximize value for shareholders.
That's pretty much what Randy said on the last CC, that they wouldn't look at it now while they're growing both faster than peers, but they would look into it once growth slows down a bit (he said in a couple of years), to maximize shareholder value.
For my part, I really like that management looks hellbent on raising shareholder value.