Stock price when the opinion was issued
Fascinating display of a lack of IPL corporate governance. IPL has done everything they can to not engage with Brookfield, but happy to risk 350M of shareholder money in break fees as a bait to get PPL to bid for them. He doesn't understand it. Wouldn't invest in a company that won't negotiate a bona fide offer. Missed expectations in last couple of years.
Will be acquired by Brookfield or Pembina. Final decision mid-June. If you own shares, hold on. An attractive asset for PPL, which she owns, as it expands their footprint.
Getting to a certain scale where it is harder to move the needle with their growth, but they definitely have growth potential. Operates within Alberta, which is why he likes the smaller companies as they don’t tend to cross the borders.