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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 Johnwith30yearson Jun 12, 2019 12:37pm
142 Views
Post# 29818932

The second announcement concerning asset sales

The second announcement concerning asset sales...  could come now at any time.  This is one of the reasons I would not remain short nor would I mess around with trading in and out just now.  Th eonly thing I might do now for additional income is sell a few calls against my much larger position for additional income - being ready to roll out and up with a greater number to ensure income even on a rise in the SP without having to sell my stock.

While the CEO said he would not tie announcements to quarterly earnings  concerning asset sales,  they could easily make an announcement any day.  Two things are quite certain:   1. We are getting closer every day to when they will announce an asset sale and 2) - when they do the stock will bump upwards ... and if the asset sale is large enough then the shorts all 13 million shares will scramble to close out.  The wind is at our back and time is on the side of the Longs.   Patience will be rewarded here.


Bullboard Posts