RE:RE:I do expect Altagas next year around 30 bucks "I don't forsee any major mistakes like previous management overpaying for WGL"
The new AltaGas had to sell what was good about the old AltaGas to de-lever after that awful WGL debacle. Yes, many do remember the subscription receipts and yet Cornhill still gets rewarded with a seat on the board. Anyway I'm digressing from the point I'm going to make:
With the GHG frenzy "heating up" Randy will be under tremendous pressure from stakeholders, shareholders and the BofD to make the company at least appear green. That means that you can expect green acquisitions or investments sooner rather than later. You know, some of the same stuff they sold off not long ago. How will they do that now that they don't have much left to sell-off? More paper? Think about it.
alialiali wrote: Still some long term memories on Altagas especially with retail investors. The WGL aquisition had shares issued at $31.00 to pay for it in 2017 and the dividend was .175 per month. Shares were over $32.00 then.
Time to let that go. This is the new Altagas..
I don't forsee any major mistakes like previous management overpaying for WGL. This management seems intent on providing a stable dividend with 4-6 % yearly raises.