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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

Utilities Utilities - Regulated Gas Utilities
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.


TSX:ALA - Post by User

AltaGas Ltd
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Post by theanalysttechon Sep 11, 2018 7:38am
271 Views
Post# 28595625

Index re-balancing could drive near-term strength.

Index re-balancing could drive near-term strength.
 AltaGas switched GICS sectors
to Utilities from Energy in mid-Q3. As a result, it will qualify for the S&P/TSX Capped
Utilities Index at the September Quarterly Review (announcement to be made on
September 14, effective September 21). Scotiabank's Index Strategist, Andrew Moffat,
estimates that S&P/TSX indexers will need to purchase 2.1m shares of AltaGas. FTSE
indexers will have to purchase an additional 1.5m shares to account for a weight
increase tied to the conversion of subscription receipts from the WGL acquisition.
Collectively, all indexers will have to buy 3.5m shares of AltaGas (2.7x ADV) next week.

from scotia report.



 
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