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.
He owns a number of pipelines but has been reducing exposure to dividend stocks. As interest rates rise, competition for investor dollars takes money away from dividend stocks. It is okay to hold for a very long period of time but the next two to three years may see the dividend eaten up by the stock falling.