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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
Comment by deelongon Mar 08, 2018 1:42pm
227 Views
Post# 27684867

RE:RE:RE:RE:RE:RE:RE:Altagas acquiring WGL related trades article

RE:RE:RE:RE:RE:RE:RE:Altagas acquiring WGL related trades article
Good points JDavis and another point I would bring up Tincup, respectfully, your strategy of backing out of the proposed deal, I think, may be shortsighted. I say this because its probably safe to say that we can ALL agree that the Canadian energy industry is a complete gong show and will be for at least a couple more years. To this point, I think if Alta can really get into the American utility/energy sector in a meaningful way is a great form of diversification. I think , long term, closing this deal will be very beneficial to us shareholders. I think management made a huge mistake backing out of their California asset sale in the manner they did otherwise I truly feel we would still be in the $26 to $27 dollar range right now when they released their numbers. By the way, lets not forget that those numbers were very decent.
Bullboard Posts