RE:ALA TRANSACTION
From the December 5 press release by Altagas:
"The Company expects to maintain an equity self-funding model in 2024, for the fifth consecutive year, and will fund capital requirements through a combination of internally generated cash flows and investment capacity associated with rising EBITDA levels, with no expectation to issue equity, assuming the Pipestone acquisition closes prior to 2023 year-end."
Two weeks ago Altagas used to word "assuming", not "expecting".
I suspect there may be a delay or restructure of the deal.