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.

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AltaGas Ltd

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Post by rfguysdon Apr 30, 2021 3:36pm

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Post# 33103071

Ferndale Exports

Captain Markos has left the Ferndale port April30-10am local. It is the 8^th vessel for the year and 2^nd this qtr.

VLGC BW Tucana follows immediately after Markos with an expected mooring date May1.

I would ask readers to compare the table to the press release and observe the similarities.   Also note what was excluded from the press release but provided in the table for Ferndale.

I have also for the 1^st time included a column called EBITDA . EBITDA is in C$. In the press release, Altagas was kind enough to provide spread numbers and transportation numbers. These were average numbers.

EBITDA = Barrels*(Spread $ – Transportation $).   I should I include any other expense ie… do you agree with this formula?

As I mentioned before, There are 5 oil refineries in the Ferndale area which would deposit propane and butane into the Petrogas complex. The transportation costs would be “small” since the majority is piped into Petrogas. Total refinery capacity is near 700 k bbls/day.

Moored	Depart	Vessel	Volume	MT	Barrels	Ebitda	Days between	Ave Rate
			m³	-40C	-40C	(C$)	Moorings	Throughput
								bbl/day

17-Jan	21-Jan	Clermont	84000	48138	529201	7975052	---
29-Jan	4-Feb	Captain Markos	80700	46247	508411	7661746	12
17-Feb	21-Feb	Cratis	84000	48138	529201	7975052	19
2-Mar	7-Mar	Clermont	84000	48138	529201	7975052	13
16-Mar	20-Mar	Captain Markos	80700	46247	508411	7661746	14	35780
29-Mar	1-Apr	Corvette	84000	48138	529201	7975052	13	35526
9-Apr	13-Apr	Constitution	84000	48138	529201	7022491	11	41098
26-Apr	30-Apr	Captain Markos	80700	46247	508411	6746607	17	37731
1-May	--	BW Tucana	80700	46247	508411	6746607	5	45114

2021 1st qtr	90 days	497400	285046	3133623	47223701		34818
2021 2nd qtr		245400	140632	1546022	20515706

convert 1 bbl to m3 = 0.15873
convert m3 to tonnes at +15C		500.5	kg/m3
convert m3 to tonnes at -40C		573.07	kg/m3
convert m3 to barrels		6.29	bbls
Spread	Q1	26.07
Shipping charges		11
Spread	Q2	24.27