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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
Post by JosephM1on Feb 07, 2019 10:57am
125 Views
Post# 29332096

Duh!

Duh! Altgas's move has nothing to do with interest rates (although they have fallen again today, now down 65 basis points in last 12 months, US ten year).  All has to do with valuation, and if they hit there numbers as presented in last investor presenation, Altagas is deep discount to peers! 

Look at Artis Reit, cut their divi, market over reacted, sold it down to 8.80 in late december, has a NAV of 15 ish. Company buying back shares at about 2 million a month. Of course the unit price is going to rise.



Bullboard Posts