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 energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.

TSX:ALA - Post by User

AltaGas Ltd

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Comment by EagleShineon Nov 08, 2018 6:08pm

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Post# 28947080

RE:I am sticking around

I agree !!!!!!!!

rockhead7 wrote: As a retired retail broker I am a little embarrassed by the losses I have taken on this one-but upon reflection I am standing pat
I believe the dividend is covered-barely. But most of the revenue and income is deprived from a sub that operates in a highly regulated enviroment-that should mean no surpises to the downside-at the cost of no surprise upside but I will take that trade off.Going forward seasonality is definetly on our side right now and there were a number of expenses related to the TO that are not recurring, meaning that the last quarter should be the worst-unless they go hunting another acquisiton-and I will sell if I get a whiff of that. Meantime-1-Very important-our main business is a US utility-get a NYSE listing-American investors will pay more for our business than Canadians will.
2.-do not appoint a president who feels he has to prove something-we need a CEO who is a "maintainer"-we need to digest our last purchase-be content to sit and let the dividends flow north. No need-NONE-for any flashy changes in course-just let the experienced WGL team run our sub and cash our dividend checks 3 Continue to committ small amouts to projects within our core compentency that have the potential to enhance cash flow-just keep them at a size that does not put the core at risk.
Bottom line-we have purchased a annuity-the odds are solidly in our favour as long as we manage risk properly