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 infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.

TSX:ALA - Post by User

AltaGas Ltd

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Comment by Sadie222on Aug 20, 2019 11:01pm

129 Views

Post# 30048981

RE:RE:ACI Locked until October 25th

Question would be, how much debt is floating rate and how much is fixed-term and won’t immediately follow any drop.

ACI shares held are escrowed for 12 months following close of the IPO, as per the prospectus.
(Page 110 for anyone curious and sleep-deprived)
That’s late October.

newcoin wrote: Totally agree. This makes ALA a screaming buy.

Johnwith30years wrote: This is what I heard from one source but have not confirmed it. I think if they - management believ eit is fully valued by then they may sell it but they do hav eother options and I am sure they will simply choose the option providing them with the best value they can to meet their debt level challenges.

Interesting that if/as interest levels shrink their debt becomes cheaper and their dividend more valuable. I hav eneve rbelieved they need to increase their dividend quickly but once th estock pric ereaches 24 I expect they will feel they need to and also be in a position to do so with the credit markets.