How much ALA idiots overpaid for WGL?
I guess the verdict now is in: about double, about 100%.
The new "normal" has been redefined, dividend 56% lower and ironically SP down by close to the same from $31.+ before this "shuffle".
So, instead of getting 10% (ie. like ENB just delivered) the screwed and scammed SH need 127% appreciation in both, price and dividend just to get back to what they were swindled out of.
Don't know who has any illusions anymore of that happening...
Keeping the dividend as promised was the only, very narrow, escape route that would have given hope patiently growing into that. That did not happen as it would have required hard honest look in the mirrorfor ALA idiots.
Did anyone hear anything on CC about 56% cut in their comensation? Nada. Just "thanks for working hard" insulting bs. Their "hard work" is glaring kick in the teeth for everyone who fell into the promises of these unscrupulous swindlers.
Also, to add insult to the injury, on CC the divdend cut was reffered as "savings(!!) of $1.3 billion" over whatever time.
Really, "savings"??
Who of those who invested their real savings, instead of promised (2.19+10%) $2.40 dividend for 2019 will now be getting just $0.96.
I see and experience then only as "theft-ings" by ALA pillaging idiots.
Oh, and you want you money back since we screwed you? Ok, you can get 56% less then we took from you.
F ALA, their "savings", and incredulous way to spin it.