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ATGFF vs. ETF Alternatives
Friday, Sep 139:37 AMAltaGas buys 25% stake in Petrogas in cash and stock deal
Friday, Sep 139:37 AM| Comment!
- AltaGas (ATGFF.PK) agrees to buy a 25% stake in privately-held Petrogas Energy in a cash and stock deal valued at ~$100M, which it says will bolster its access to North American markets.
- AltaGas will initially exchange ~2.8M shares and an unspecified amount of cash for a 25% stake in Petrogas, with an option to buy an additional 25% this year.
- Petrogas has a logistics network consisting of more than 1,500 rail cars and 24 rail and truck terminals in the U.S. and Canada.
Friday, Apr 124:57 PMCanadian pipeline operator Altagas (ATGFF.PK) and a Japanese partner say they likely will opt for a floating liquefied natural gas processing plant off the coast of western Canada to get the jump on competing export proposals. Since there may not be enough demand, even in Asia, to justify the dozen-or-so export projects currently envisioned, speed is of the essence. |Friday, Apr 124:57 PM| Comment!
Monday, Mar 259:28 AM
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