AltaGas Ltd T.ALA

Petrogas Deal

[marketsense]

Looks like the market is using this deal as an excuse to dump more shares after the morning
spike.   There must be a lot of disaffected holders like Sarge and Bossu still hanging around 
waiting to exit with every chance they get.   Today was an other opportunity to dump
this name and many did.

Time will tell whether this is accretive as management suggests.   If today is any example,  I'm
not holding my breath.   It fell pretty flat and so the disonnect between managment and the 
market remains unchanged.

They took on more debt to consolidate Petrogas and now they neeed to prove whether the hard 
numbers are in fact accretive.  If they are there is no reason other than short term lack of
conviction why ALA should not be valued more than before the consolidation.  Again its wait 
and see the proof before the market will give any credit for this deal.

[BSdetector2016]

Only negative, dust under the carpet news is released on Fridays. Legacy shareholders all want out of this. One look at the chart since 2014 and it should be obvious why.

[bossu]

[BSdetector2016]

You are all excited about a one-dollar day? When it gets to $30 I'll be excited and probably long gone. As for the longterm chart it really hasn't changed; only sustained, consistent increases in share price will do that. This probably drove a number of shorters to the exit door. We'll see if it is the start of an up-trend or just a minor blip. 

[carmech]

Why don't you pretend it just hit $30 and leave now?

[Wordless1]

Yup very excited for a $1 day.  My call options zoomed today.

[SargeX]

Hey MS I finished my dumping of ALA on Oct 8th so all out. In total, we sold 4200 shares at an average price of $17.75. Besides some extra early inheritance to the kids, we put a good chunk of it into CPX at $29.03. So far, as expected, it's looking like a good move:  ALA -7.27%, CPX +5.55%. I'm actually expecting the gap to widen and for CPX to do even better. Anyway, it was

[RayDonovan78]

You have been whining about ALA for over a year, in two years you will be kicking yourself when it back to $24+ Best of luck...

[masfortuna]

Hi Bossu Actually the biggest negative at the moment is the fact that Alta is lumped in with energy producers. I hold ENB and PPL as well as ALA as I sold my pure energy producers in the summer. The momentum on all 3 of them is downward at the moment. I understand the need to switch to green energy BUT this is a generational switch (20 years+). Investors are acting like this change is going to

[RayDonovan78]

Still whining about ALA.... I thought SGY was the most disappointing ?? From the SGY board !!

[SargeX]

Hey Ray Good pick-up BUT the big difference is that I admit it was a bad move investing in oil & gas producers. It tayght me a big lesson so I'm fine with it. ALA is still the biggest disappointment because it used to be such a great Canadian company and management totally ruined it. I am soooo pleased to be out of it and into CPX instead. Take her easy    Sarge

[newcoin]

Are you still here? If you sold out then you should be gone. Please.

[SargeX]

Hey New First off, there's obviously no rules on SH. Secondly, as a 10 year holder of ALA, I think I've earned the right to comment on it at any time. Lastly, ALA is so volatile that I'm planning on doing some short term trades with it with some of our extra cash. Ciao   Sarge

[MuttPatrollives]

This post has been removed in accordance with Community Policy

[RayDonovan78]

I would have to agree with others, if ALA was such a bad investment for you, why keep coming back ?? Would it not be GOOD RIDDANCE ?? 

[MuttPatrollives]

This post has been removed in accordance with Community Policy

[Vega1357]

Analysts have yet to give their opinion on this transaction.  We may hear from them on Monday or more likely they will wait until after third quarter earnings are released on October 29, but I don't think they will remain mute on this deal. Personally, I think they will weigh in on thnking it a positive development for the company. Company's presentation at yesterday's conference