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.

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AltaGas Ltd

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Comment by namechangeneedeon Sep 16, 2018 10:14am

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Post# 28628206

RE:RE:RE:Altagas Canada - a reporting issuer Since 2011.

I think the answer to #2 is that they thought this news would be seens as very positive. I thought it was until the markets opened. JMHO.

igstar wrote:
Thats fine, but then you should answer several questions.

1 - if this was the case, what is the reason of using this shell company? If you beleive there is some massive wait time, then there was no reason to this move? So why was it done.

2 - if your logic is correct, why announe the deal - again unnnecessary to make any public announce about the deal, if you could do all this work you described in the background. This is what my corporate finance assoc pointed to, you don't announce a deal a month ahead of doing it ... thats not how the world works.

3 - this requires 4 separate provincial approvals, thus the reason for the timing. So exactly what would the be approving, if the deal is not done? Thats not how the world works - the want to know exactly what they are approving - so just pure logic, tells you the deal and company must be known and in place before they approve anything.

I have pointed to the use of this shell company, as the reason, and the other two are the only logic answers. But i do have a not out to one of the best corporate securities lawyers, but no answer yet.