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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 Nov 07, 2018 9:00am
143 Views
Post# 28935844

RE:RE:this could be stupid but is there a chance

RE:RE:this could be stupid but is there a chance
jgzeger wrote: Yes, it is stupid. Didn't you see the company's third quarter earnings presentation, especially the part that says that they intend to "determine [a] prudent dividend payout reflective of the asset mix, earnings and cash flow of the combined company." Exactly what do you think this means, keeping the dividend as is? The dividend will be cut. That is 100% certain. The question is how much? I'd be interested in reading some intelligent opinions on this that are backed up with some figures to support the reasoning.


They also mentioned how Q3 was the worst time to finalize this transaction and that it is not indicative of the full picture. They said they want to do a full review prior to making any dividend decision so does that mean they will wait for a few quarters before changing the div policy?
Bullboard Posts