prudent moveThis is a great move. Altagas essentially have recovered most of their investment, and still retain 2/3 of project in a very short time. If anyone were to do this with a stock in their portfolio they would be praised for an astute move. The money can now go to the debt for the merger.
I understand some peoples concern with the uncertainty of the merger, and resulting debt. But I don't understand the consistant level of negativity towards this company. Managment has a history of delivering on time, on budget projects, and great earnings over time, and doing what they say.
Yes they changed their mind on some assest they choose to sell, but do want a management that is set in stone or one who are adaptive to changing circumstances.
So far managment has done what they said they were going to do. Yes the stock is down, over the short term. WELCOME TO THE WORLD OF STOCK INVESTING!