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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 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

Bullboard Posts
Post by Rocko58on Sep 06, 2019 8:27am
150 Views
Post# 30101415

Warning Lights

Warning Lights from the charts. Take a look at the 1yr chart of ALA and we find the big hit of last Nov. But by Feb the recovery started and continues to trend up to the present day.  Compare this performance to the 1yr chart of Vet. Since last Oct I see 2 downward trends with todays performance still worsening.  Of course Vets problem is the North American glut of oil causing low prices. this down trend can not continue much longer without repercushions. I refer now to the quarterly cash flow statements. The start and ending cash positions have been trending less and less for several consecutive qtrs now. Soon there will not be enough money to sustain the big divy and pay wages and operational expenses.  I believe this situation is feeding creedence tothe near term threat of a divy cut. What do you think? 
Bullboard Posts