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.