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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 tincup1on Dec 13, 2018 8:34pm
152 Views
Post# 29113524

RE:RE:I hope some of the new investors learned a lesson here

RE:RE:I hope some of the new investors learned a lesson here
There are some similarities with TransCanada in 1999. I actually worked there at the time and what they did was sell off none core assets that were all over the world to return focus to their foundational business of north America. They also cut a very bloated admin(especially IT), reducing head count. ALA is selling off foundational core assets in favour of being a utility in DC. I'm hanging in there with a reduced position but I'm troubled that most of the old guard is still there and still talking about aggressive growth plans.
Bullboard Posts