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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 largeinveston Sep 07, 2018 12:10pm
163 Views
Post# 28579972

RE:RE:RE:Market sense

RE:RE:RE:Market sense

A few points to consider.  WGL before we bought them out was trading at yield that was LOWER then the 10 year US bond.  So we have assets, all American now (don't need more truedough) that were regarded as very high quality and safe.  Safer then the US govt itself.  

But since that time the CEO has resigned and Transmountain rejected.  We also have a whole lot of money going into the weed sector and getting pulled out of "boring" utility stocks. 

For the market to improve we need.  1. The asset sale, 2.  Clarification on the future dividend policy, before it was 8-10% growth per year for 3 years, now its probably double the rate of inflation so 6% per year on avg.  3.  New CEO, 4.  2019 guidance to prove to the market successful integration.  So until all that happens we sit in limbo waiting.  

THe only good news to share at the moment is our book value is at least $25 per share here.  So that has to provide a floor at some point, that we are trading at less then what we would get offered by private particpants to buyout all our assets.  

Bullboard Posts