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

AltaGas Ltd

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Comment by tsxintsxon Jul 20, 2018 4:31pm

163 Views

Post# 28346826

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Betting on over 2 million shares traded today

It's just imbalances. Funds, etc, are mandated to buy and/or sell a large volume of shares. Sometimes that causes some short term volatility leading into, especially during, and rarely after the close of that trade.

ALA closed on $3M shares at $27.30. Chances are a fund had to sell and that is where they found buyers. There's a very good chance the stock retraces back to $28 next week.

Look at TSG, suddenly dropped from 49 to 47.50, then closed on 1M at 48.57.

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