Thesis
AltaGas (ATGFF) has made sizable improvements from its 2018 YE position. Improvements in debt outstanding are seen as positive, but ultimately the company will need to begin producing more consistent earnings. As asset sales near their completion, strong profit margins will be required to make further improvements in balance sheet. With new projects coming online in the first half of 2019, the prospects are hopeful but may not justify holding the company’s shares.
Introduction
AltaGas has been fairly busy in 2019, as the company has made significant steps in its non-core asset sale initiative,