AltaGas Ltd T.ALA

What I'm expecting ...

[bossu]

Some comments for JohnSP/and Masfortuna
Interest saving in the Q2  from it's second $ 500 M offering made June 10.
and the result will be :
'«prior notes which were repaid in June, 2020, AltaGas expects cost savings of approximately $5.6-million per annum over the term of the notes as a result of the debt repayment. With the offering completed, AltaGas has successfully refinanced all of the 2020 maturities across the AltaGas group of companies.
The saving will come from the first $ 500 M offering dated Dec 13 2019 and the saving is extimated to be $ 5M or $ 1,2 /quarter
So probably a saving of $ 1,5 M
The H2 will interesting and the saving will be $ 5 M or $ 2.5/quarter
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EBITDA from Ripet is based on a $6M
per load but may vary because of occasional loss/profit.
«RIPET contributed $27-million of normalized EBITDA in the first quarter of 2020 on exports of 35,141 barrels per day for delivery to Asian markets. The facility averaged two ships per month for the first quarter with deliveries modestly impacted by rail blockades experienced in February. RIPET's first quarter normalized EBITDA was negatively impacted by a $6-million realized hedge loss on supply volumes exported in April. Excluding the timing impacts of the realized hedge loss in March, first quarter normalized EBITDA from RIPET would have been $33-million or approximately $10 per barrel. The $6-million realized hedge loss is anticipated to have a positive impact on the second quarter margins and results in lower inventory costs. AltaGas remains on track to hit its 50,000 b/d export target through RIPET by year-end. The company has secured 50,000 b/d of supply as at April 1, 2020, with approximately 33 per cent under long-term tolling agreements. Approximately 80 per cent of expected 2020 volumes have been hedged at an average FEI to Mont Belvieu spread of approximately $10.50 (U.S.) per barrel. Including contracted tolling arrangements, approximately 86 per cent of RIPET's propane export volumes are hedged for 2020.

Just to say that $ 6 M /load and if so 
$ 28 M is probable.
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Increase in revenues from the US utilities during the quarter might be influenced by warmer weather .
This why i did not put any number on ''Utilities''
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Any others comments are welcome.....

[masfortuna]

Ok thx Bossu.  So the 2million in savings that I attached is not the number for the Q2.  It's the savings from the Q1.  And this Quarter we are looking at 5-6 million.  That takes me to 214 million. The only issue I have is the RIPET #. Yours do make sense based on what you understand the numbers to be except it's the accountants that need to process the inf based on

[bossu]

[masfortuna]

Thx again and as I pointed out, your numbers appear correct.  Well I hope they hit 280 million lol!