Post by
pierrelebel on Nov 03, 2023 9:51am
Altagas
From Altagas Q3 report yesterday:
"On August 31, 2023, AltaGas announced that it has entered into a definitive agreement to acquire the Pipestone natural gas processing and storage infrastructure assets located in the Alberta Montney for total consideration of $650 million from Tidewater Midstream and Infrastructure Ltd. ("Tidewater"). Subsequent to the announcement, AltaGas has received all material regulatory approvals, including Competition Act approval, and is currently working on other condition precedents to close the transaction, which continues to be anticipated prior to 2023 year-end."
The current market price of TWM ($1.02) does not yet reflect our ownership of Altagas shares, most likely coming next month!