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.

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AltaGas Ltd

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Comment by rustybladeson Jan 16, 2019 7:44pm

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Post# 29242898

RE:Canadian utilities suspends DRIP - eliminates 2% discount

I like the approach Northland Power took. They kept the DRIP but eliminated the discount. They also stopped issuing shares from treasury and instead now buy shares in the market to satisfy the DRIP providing some support to the share price.

In their case they don't need the DRIP funds at the moment so it makes sense to stop the dilution. ALA needs the funds for debt repayment and CAPEX.

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Rig Count Soars as Utilization Surpasses Industry Averages