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 energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.

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AltaGas Ltd

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Post by marketsenseon Aug 07, 2018 12:22pm

117 Views

Post# 28421659

Broad sell off

Looks like the spat with Saudia Arabia is getting more attention today hence the selling.
Canada has offended Saudi Arabia and is accused of interfering with their internal affairs
so we are now blacklisted. Does this have broader implications for Canada? I don't know
but the market sure doesn't like it. ALA just can't catch a break, but the dividend hasn't
gone away and the yield just got a little richer.

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