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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

Utilities Utilities - Regulated Gas Utilities
AltaGas Ltd. is a Canada-based infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.


TSX:ALA - Post by User

AltaGas Ltd > panic selling in the markets....seems so illogical
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Comment by Capharnaumon Jun 17, 2022 12:07pm
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Post# 34764808

RE:RE:panic selling in the markets....seems so illogical

RE:RE:panic selling in the markets....seems so illogical
WalterWhy wrote: Anyone have any idea what's sparked the sell-off since last week? ALA was at $30.50 over a week ago, now dropped almost 19% in the last trading sessions.

It's dropped by more than any index has, and also more than the price of oil.


I think it's people selling their winners (where they are still in the green), putting extra pressure on stocks that have done exceptionnally well the past two years.
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