Bullboard - Stock Discussion Forum AltaGas Ltd T.ALA

Alternate Symbol(s): ATGFF | AGASF | ATGPF | T.ALA.PR.A | T.ALA.PR.B | T.ALA.PR.G | T.ALA.PR.H | ATGAF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States... see more

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AltaGas Ltd > l do have question , if someone knows to answer

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Post by bushman33333 on Feb 11, 2023 7:41pm

l do have question , if someone knows to answer

l have read that altagas bought 2 ships in 2022 and another 2 ships will be delivered in end of 2023 or begining of 2024?, is that right the total ships will be 4, or the same 2 ships 2022 will be delivered in 2023 or 2024 ??? hopefully somebody knows for sure to be able to clarify that, your answer will be appreciated , many thanks.

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Comment by bossu on Feb 12, 2023 3:13pm

They bought 2 ships and they expect to save 25 % in the transportation costs As I said before the lotal number of loads from Ripet is 41 . Travel time 10 to 11 days Cycle 22 days sailing time + loading /unloding 6 days for a total of 28 days Just to say that 1 ship can handle 32 % of the total tonnage from Ripet assuming 43 000 tons/load The best combination would be to own ...more

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Comment by Dapper1 on Feb 13, 2023 11:39pm

Bossy Using your data @ current all in tanker rental costs are about $100k/day(us) and rising. A 25% savings translates into approx. $25k (us). A cycle time of 28 days means a savings of $700k or approx. $8.4 M/yr/tanker. I don't know their capex.

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