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Author: tim443 Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 63808  
Subject: Re: Big Oil Date: 2/14/2014 11:11 AM
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Speaking of cold working in someones favour, love the chart of residential propane prices in this link. Can you say ouch!


Why would I say ouch, my now 2nd largest current holding is Altagas? }};-D

I use about half a 20 pound cylinder a year in my little deck BBQ.

Tim


http://www.reuters.com/article/2013/10/24/idUSnCCNBn7bw+f0+M...

AltaGas Increases Ownership in Petrogas Through Its Energy Export Joint Venture

Thu Oct 24, 2013 9:00am EDT

CALGARY, ALBERTA--(Marketwired - Oct. 24, 2013) - AltaGas Ltd. ("AltaGas") (TSX:ALA)(TSX:ALA.PR.A)(TSX:ALA.PR.U) announced today that it will increase its effective ownership of Petrogas Energy Corp. ("Petrogas") to 33 1/3 percent. AltaGas plans to transfer its current 25 percent ownership to the AltaGas Idemitsu Joint Venture Limited Partnership ("Partnership"). The Partnership will acquire an additional 41 2/3 percent interest in Petrogas. As a result of the transaction, Petrogas will be owned one-third by each of AltaGas, Idemitsu Kosan Co., Ltd. ("Idemitsu"), and its current shareholder.

In January 2013 AltaGas and Idemitsu announced plans to pursue LPG and LNG export opportunities from Canada's West Coast to Asia. LPG exports could begin as early as 2016. Petrogas' extensive logistics network consists of over 1,500 rail cars and 24 rail and truck terminals, which provides the key infrastructure as well as supply logistics and marketing expertise required to pursue LPG export opportunities.
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