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AltaGas Ltd T.ALA

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

AltaGas Ltd. is a Canada-based infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.


TSX:ALA - Post by User

Bullboard Posts
Post by james1975on Jan 31, 2018 9:00pm
304 Views
Post# 27475923

Audio presentation

Audio presentationWorth a listen. Very positive. CFO calls the acquisition "a growth deal" and the analyst remarks "looks like there is a lot of runway". Then he goes on to state that they consider the deal as an improvement to their balance sheet (didn't expect that one) and also that cash flows are going to enable their prior listed target of 8-10% dividend growth longer term through new projects. The guy talks about gas development in Canada versus gas development elsewhere - for example he states that it would basically be impossible in California today, but easy in Alberta. He says that the propane liquids terminal is able to double its revenue in the future for only a $10 million investment and it is capable of scale. 

https://www.cibcvirtual.com/whistler2018
Bullboard Posts