15:15:12 EDT Wed 18 Mar 2026
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AltaGas Ltd
Symbol ALA
Shares Issued 311,285,447
Close 2026-03-17 C$ 48.02
Market Cap C$ 14,947,927,165
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Post says AltaGas sees propane cargo resells five times

2026-03-18 08:59 ET - In the News

The Financial Post reports in its Wednesday edition that a large tanker carrying Canadian propane was resold to new buyers at least five times before it even reached its destination after leaving the B.C. coast last month, a sign of the scramble for fuel in Asia caused by the war in the Middle East. The Post's Meghan Potkins writes that the cargo was bound for China when the conflict broke out and was bought and resold at least five times on the spot market, fetching a steep premium to the Asian propane benchmark. "If you can't get your (propane) supply from the Middle East because the Strait of Hormuz is blocked, you'll be looking wherever you can find it elsewhere," said Alex Munton, director of global gas research at consultant Rapidan Energy Group. "It's not just that prices are up; there's also an incredible amount of volatility. The value of that cargo is yo-yoing as it's on the water." Some buyers who do not immediately need the supply will occasionally resell cargoes while they are still in transit in order to capitalize on rising prices in other markets. The tanker in question was carrying 600,000 barrels of propane from AltaGas's export terminal near Prince Rupert, B.C. The vessel arrived in China on Friday.

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