Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

AltaGas Ltd T.ALA

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

Comment by Johnwith30yearson Oct 08, 2021 1:28pm
326 Views
Post# 33989485

RE:New asset sale?

RE:New asset sale?RE asset sales:   It is quite interesting:  Usually there has been one asset sale corresponding with the quarterly earnings reports.  RBC just recommended getting rid of their small Alaska Utility and one other small one.   BUt Randy -CEO has argued that the MVP should not be monitized until it is close to or operating and with all the delays this may be into 2022  i'd guess.  The biggest jump might be if they split into two companies so those wanting stable utilities get that and the others get the more variable midstream and exports. ALA would presumably continue to hold large chiunks of Midstream if it kept and split off the utilities.  But if the stock price goes up without that major split  Randy might just see it as a distraction. Really it makes life simpler for different kinds of investors  but I think debt goes down anyway as retained earnings grow.  

A split would though I think provide a nice jump  but it takes time and focus away from just steady as she goes...  Let's see how it goes.  I think an announcement of getting below their debt target or a larger than expected diidend increase at year end would also bump things up.  
<< Previous
Bullboard Posts
Next >>