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Altus Midstream Company (ALTM)

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
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68.99-0.19 (-0.27%)
As of 11:44AM EDT. Market open.
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  • C
    Chris
    not a day trader and this is more or less flat since May...... hmmmm up 60%, time to cash in?
    Neutral
  • J
    Jim
    This is an MLP, correct?

    Trying to avoid K-1's...
  • E
    E
    Can someone Explain this and Why APA never says a word about It? Apache’s presence in the Gulf Coast and Gulf of Mexico includes fee acreage in southern Louisiana and interest in deepwater exploration and development. In the Gulf of Mexico, the company has interest in several deepwater exploration and development offshore leases. In 2013, when the company sold substantially all of its offshore assets in water depths less than 1,000 feet, it retained a 50% ownership interest in deeper targets and access to existing infrastructure, providing future optionality.
  • F
    FakeIR
    such a steal. PE below 10 and yield over 9%

    load the truck
  • Y
    Yahoo Finance Insights
    ALTM is down 5.73% to 63.78
  • a
    amdiz113
    Question: How would I go about comparing this investment to DTM? (midstream spin off of DTE that is a C corp). Its market cap is 4X larger... its supposed to pay a dividend but hasn't announced one yet... how else should I compare it?
  • Y
    Yahoo Finance Insights
    ALTM is up 6.24% to 67.72
  • Y
    Yupp
    From the earnings report bullet points - $1.50 QUARTERLY DIVIDEND beginning March 2021!!!!!!!

    JV pipelines and improvement in G&P business drive results;
    Continued focus on costs leads to fifth consecutive quarter of lower operating expenses; and
    Plan to recommend to the board of directors a quarterly dividend of $1.50 per share beginning in March 2021.
  • Y
    Yahoo Finance Insights
    ALTM is down 6.09% to 58.90
  • y
    yun
    "Of note, Permian Highway Pipeline now has an electronic bulletin board, and NGI has begun to see next-day deals referencing Permian Highway at both ends of the pipeline. This indicates that the 2.1 Bcf/d is nearing in-service."
    https://www.naturalgasintel.com/november-natural-gas-bidweek-prices-post-massive-gains-as-lng-demand-roars-back/
  • T
    Trading8
    This may trade above $30 today.... There's no way to short this. :-/
  • a
    amdiz113
    Nice move today. Anyone got any thoughts?
  • P
    Peter
    $6 equates to 12pct / year at stock price of $50; 15pct /year at $40.
    Simple math !
  • V
    Vince
    Higher gas prices will lead to greater throughputs and greater profits and cash flows, higher asset values. At $16 altm is .80 on the old stock. It will go back to $10 on the old or $200 in today’s shares. .you can quote me.
  • A
    Anthony
    According to an article from October 23 on the Permian Highway Pipeline website, 100% of the pipe is in the ground and only cosmetic rehab work is being done. The article ends by quoting pipeline opponents as saying they lost the battle, but have effectively prevented other pipelines from crossing the area. So, basically the pipe is done and the income is on the way.
    Bullish
  • Y
    Yupp
    On Conf call now - ALTM confirms confidence of free cash flow to implement the $1.50/share QUARTERLY dividend while more than servicing any debt. Board of Directors has already given initial approval.
  • b
    bill w
    i thought i was suddenly rich and then i realize i was back to being poor. such is life.
  • E
    Erik
    Not sure why anyone would sell here with the announcement. I'm holding on to every share.
    Bullish
  • A
    Assumption88888
    January 2021 WAHA forward trading strong. Looks like environmentalists still trying to disrupt PHP. This will be a big cash generator for ALTM. Kinder says on
    schedule.