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

AltaGas Ltd

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Comment by namechangeneedeon Sep 24, 2018 12:03pm

105 Views

Post# 28677736

RE:RE:RE:Financial Engineering 101

OOps messy paste

namechangeneede wrote:
Robert

Hope

– Scotiabank

–

Analyst

All right, a

nd then just in terms of the dividend, y

ou mentioned balancing growth and dividend. Do you have an altered view on payout ratio moving

forward? Or is it just what the optimal use of capital is and whether or not you’re getting properly valued for kind of the event outlook that you’ve

presented?

David Cornhill

– AltaGas Ltd.

– Interim Co

-Chief Executive Officer

Yes. As yo

u know, I hold a fair number of shares. I think sustainable dividend and growing dividends, we think is important and sustainable first and

growing dividends second. And we will work hard to do that. We think that we’ve got to balance dividend growth with

value creation for the shareholder

and it’s a balancing act
and we’ll continue to make recommendations to the board on that balance

igstar wrote: What is your response if ALA, as scotia has just said .... increases the dividend 3% when they release Q2?

The company said they can do everything, and have the ability to increase the dividend 8-10%. Nothing has changed .... but your entire ramble is based on one thing ...

"
My personal assessment in looking at the balance sheets is that ALA will have difficulty in maintaining the dividend and having sufficient cashflow and debt room to fund it capital requirements"

No mention of what they are ... timing, debt vs equity ... capital inside WGL is TOTALLY separate from ALA - as stated in the DC hearings. Also see to be ignoring the DRIP ... which is funding capital, and it is currently at around 70% participation - or well over 300 million dollars.

Your comments are common " they can't pay .... and point to the open skies ... without any thought"

BNS says dividend goes up, company says everything totally on track .... I will take that over one liners anyday.