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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 Blueswinon Feb 28, 2020 10:47pm
214 Views
Post# 30750180

Petrogas

PetrogasFrom todays release do you get the impression that Altsgas is going to buy the remaining 1/3 on Petrogas on their own or will it be joint owning 50/50? here was today's comments during the call:

And any sense of timing – bookends of timing of when Petrogas might close?

Randy Crawford

Yeah, Linda, this is Randy. We think our judgment is that, you know, the end of the second quarter is where we would, you know, see that coming out at this point. And I would add that, you know, acquiring the third interest in Petrogas, you know, in the integrator interest and operational control of the strategic assets are a nice fit, you know, within our midstream footprint, and as you know, and it’s a great opportunity to take on that operational control. So we would expect to, and we’re hopeful, but you know, through the second quarter that we will work toward closing that transaction.

Bullboard Posts