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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 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

Bullboard Posts
Comment by canneon Dec 04, 2018 3:07pm
262 Views
Post# 29063294

RE:RE:RE:RE:RE:Attention shorts

RE:RE:RE:RE:RE:Attention shortsWhile I think ALA is near a bottom, it seems like most talking heads are saying this is a poorly run company, one of these morons on BNN said their biggest mistake was to buy gas generation in California ... I don't think so. The WGL acquisition may have cost too much but if you want to set up shop in the good ole USA to broaden the company base, you need to pay the going rate. ALA is trading as if they threw the money out the window and will never see a return , I think that is overblown. As for the dividend, I think it will be cut, but this company is far from being a resource play, they have a guaranteed income stream from their utilities, they own infrastructure and are near to exporting LPG from NW B.C.
Bullboard Posts