From AltagasToday's Altagas 2024 outlook had a few comments worthy of repitition:
- Higher annual Midstream capital reflects the strong outlook for the Midstream business and strong growth opportunities, including the Pipestone II project.
- The Midstream segment is positioned to deliver strong year-over-year organic growth in 2024 and beyond. This growth is underpinned by the Pipestone acquisition, ...
- Approximately 45 percent of 2024 normalized EBITDA 1 is expected to be generated by the Midstream segment. Strong year-over-year growth in normalized EBITDA 1 is driven by the Pipestone and Dimsdale asset acquisition, ....
As I understand it, when the Pipestone/Dimsdale transaction was announced, there was a long, long time allowance before close, to allow for due diligence re the Pipestone expansion, something that's been floated for years. Anyway, the language, grammar and tenses all seem to suggest that from Altagas' viewpoint, this deal is done.
So show me the money!