AltaGas Ltd T.ALA

AG Finally Shoots Long Dead Alton Gas project in Nova Scotia

[commonsense9]

Controversial Alton natural gas project to be decommissioned

https://www.saltwire.com/halifax/business/controversial-alton-natural-gas-project-to-be-decommissioned-100648931/

[commonsense9]

From the AG press release: The project has received mixed support, challenges and experienced delay. In addition, in 2018, AltaGas divested its interest in the local natural gas utility as the company repositioned its focus on two core areas of business, midstream and energy export opportunities off the West Coast of North America and natural gas utilities located in the U.S. With the sale of

[stonesheep]

Was written down in q4 2020...see annual audited financials.  $104million was written down

[BSdetector2016]

Hopefully we won't see any more write-downs for it, and other dead whales.

[commonsense9]

Thanks for pointing that out. I made a nice chunk of cash on ALA (2018?) when the SP took an absurd dive. Over reaction to the news of the moment.  I was watching them because I live near this project. So I guess I was able to capitalize on not believing their project management reputation / fantasy. Was not going to stick around after making my quick gains- and have stopped watching. Just