Confirmation about Ripet activities to November 30 2021Shipping LPG to November 30 2021 1 358 620 tons
Shipping............ November 30 2020 1 024 630 tons
Increase Y 2021/ Y 2020 .......................+ 32,6 %
Number of shippements 31 for 43 806 tons per shippement
So total shippement for 2021 will be 1 490 000 tons
Number to remember is the projected shipping volume ar the time o the PEA two years ago with a 1 200 000 tons LPG exportation .
This is a + 24 % increase from what was anticipated..
On the Ferndale operation it look to me a better results than anficipated
and EBITDA well over $ 200 M with the Petrogas 74 % ownership..
In summary :
The operational synergies of the combined AltaGas and Petrogas businesses also continued to be demonstrated so far this year by as much as 32,6 % increase at RIPET and much better results than anticipated at Ferndale.
Just to say that the LPG exportation to ASIA is a BIG game changer in the Altagas bottom line and this is the main factor why we have to consider Altagas as a completely''NEW ALTAGAS'' entity and this is the reason why the share price has appreciated for the last 22 months and the upward appreciation far from over.