Post by
templetooth2 on Dec 05, 2023 8:33pm
From Altagas
Today'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!
Comment by
Ogopogo26 on Dec 05, 2023 11:09pm
Expectation for closing of transaction is still before end of the year, so hopefully getting close to an announcement. Dividend increase from ALA and current share price make it easier for TWM to hold this for a few months as 12.5 million shares take some time to sell with avg daily trading vol of about 600,000.