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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
Post by largeinveston Sep 21, 2018 3:42pm
151 Views
Post# 28667176

The triple witching index buying is happening today

The triple witching index buying is happening todayand it also looks like IR is returning peoples email...At least with a blanket statement of "no material change"  

We do our best to keep all shareholders informed on an ongoing basis with respect to what is happening at AltaGas.  We recently announced an expansion at our Townsend facility, the non-core midstream and power asset sale and the AltaGas Canada IPO and as always will continue to update the market via press release should we have any new material information.  With respect to the current pressure the stock is undergoing since we announced the IPO, unfortunately we are in a tough position as we have no new updates for the market on dividend policy, 2019 expectation, etc.  More information on these items will be included in our Q3 release and related conference call towards the end of October.  We are doing our best with our outreach with institutional investors, analysts and retail shareholders. 
 
AltaGas business has changed dramatically in the last several months: not only have we closed the WGL acquisition that has greater growth/capital investment opportunities than we expected; but the Energy Export business in Gas has seen tremendous traction.  We remain committed to our plans to deliver on our strategy and remain firmly focused on long-term shareholder value creation.
 

Bullboard Posts