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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

Comment by GunnerGon Mar 18, 2021 2:28pm
219 Views
Post# 32827649

RE:RE:RE:RIPET

RE:RE:RE:RIPETRFguy, any idea who arranges and who pays for the tankers to ship LPG?


Thinking if the buyer of LPG is arranging and paying, Altagas would recognise revenue when tanker is loaded.  If it is Altagas, revenue recognise revenue when off loaded at destination.

I am thinking it is the buyer but would appreciate your input.


rfguysd wrote:
GunnerG:   Interesting.   MY thought.    Altagas  has excess  propane to be shipped  "UNHEDGED"  at $542usd/tonne.  This  is $43 usd/ bbl. !    This  might be equivalent to shipping  a full  load in the VLGC hedged  in terms of net earnings.  Clever.  

This  will definitely add to the bottom line for the 1st qtr.

GLTA 
RFguy.

-------------------------------------------------------------------------------------------

GunnerG - (3/18/2021 12:08:44 PM)
RE:RIPET
Thanks rfguysd, great information.  Great facts, no speculation.

Another tanker on its way to Ripet, the Pertusola.  ATA is March 29th to Prince Rupert anchorage.  It is passing through the Panama Canal recently.

I was surprised at the size, it is only 1/4 the size of those that usually arrive at Ripet (12,800 GT).

Should be a quick turn around for 1/4 tanker.


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