Randall Crawford - Altagas CEO Pres

ALA-PG Preferred Stock  CAD 22.88  0.03  0.13%   

Insider

Randall Crawford is CEO Pres of Altagas Ltd Pref
Age 61
Phone403-691-7575
Webhttps://www.altagas.ca

Altagas Management Efficiency

The company has return on total asset (ROA) of 0.027 % which means that it generated a profit of $0.027 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.0578 %, meaning that it generated $0.0578 on every $100 dollars invested by stockholders. Altagas' management efficiency ratios could be used to measure how well Altagas manages its routine affairs as well as how well it operates its assets and liabilities.
Altagas Ltd Pref has accumulated 1.13 B in total debt with debt to equity ratio (D/E) of 108.2, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Altagas Pref has a current ratio of 0.68, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become due. Debt can assist Altagas until it has trouble settling it off, either with new capital or with free cash flow. So, Altagas' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Altagas Pref sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Altagas to invest in growth at high rates of return. When we think about Altagas' use of debt, we should always consider it together with cash and equity.

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AltaGas Ltd. operates as a diversified energy infrastructure company in North America. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada. ALTAGAS LTD operates under Oil Gas Midstream classification in Canada and is traded on Toronto Stock Exchange. It employs 2881 people. Altagas Ltd Pref (ALA-PG) is traded on Toronto Exchange in Canada and employs 13 people.

Management Performance

Altagas Pref Leadership Team

Elected by the shareholders, the Altagas' board of directors comprises two types of representatives: Altagas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Altagas. The board's role is to monitor Altagas' management team and ensure that shareholders' interests are well served. Altagas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Altagas' outside directors are responsible for providing unbiased perspectives on the board's policies.
Randall Crawford, CEO Pres
James Shelford, VP Commercial
David Anderson, Senior Safety
Esq BComm, Ex Officer
BComm Esq, Chief VP
Jon Morrison, Senior Development
Vernon Yu, CEO President
Jimmi Duce, Corporate Secretary
LLB BSc, Chief VP
Kent Stout, Senior Development
Vern Yu, CEO President
Corine Bushfield, Exec Officer
Joy Thakur, Sr Operations

Altagas Preferred Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right preferred stock is not an easy task. Is Altagas a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Altagas

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Altagas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Altagas will appreciate offsetting losses from the drop in the long position's value.

Moving against Altagas Preferred Stock

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  0.46ENB-PFU Enbridge Pref LPairCorr
The ability to find closely correlated positions to Altagas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Altagas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Altagas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Altagas Ltd Pref to buy it.
The correlation of Altagas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Altagas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Altagas Pref moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Altagas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Altagas Preferred Stock

Altagas financial ratios help investors to determine whether Altagas Preferred Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Altagas with respect to the benefits of owning Altagas security.