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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
Comment by Kidlapikon Oct 26, 2018 9:52am
114 Views
Post# 28876986

RE:No more dividend

RE:No more dividendThis board is awesome. Company goes from 8-10% visible dividend growth after acquisition to full dividend elimination. Loving the extremism. IMO if their is a divvy cut, which I personally don't believe there will be, its completely priced in. This is a utility with huge customer base, stable cash flow, in a developed country, export terminal to China coming on board next year, just made a 50% acquisition, delivered on its acquisition targets for price and date, delivered/over-delivered on its asset sales targets but yeah they are so terrible at their jobs and got it SO wrong that they have to swing from 8-10% divvy growth over next 3 years to TOTAL dividend elimination.......but you are not trying to illicit panic or feed into peoples fears or anything right? Cool.
Bullboard Posts