TSE:IPL

Inter Pipeline (IPL.TO)

19.12
+0.28 (1.49%)
as of Nov 1, 2021, 8:00:00 pm Market Open.
714 watching
0
PAST TOP PICK

(A Top Pick Oct 4/11. Up 45.56%.) His best guess over the next year or so is 10% to 12%. 4.8% dividend yield.

PAST TOP PICK

(A Top Pick Aug 18/11. Up 40.99%.) Still likes and is still a Buy.

BUY ON WEAKNESS

Just took a nice hop up and broke to new highs. Will probably consolidate a little bit here. Yield of 4.9% is still good. Could be another dividend increase probable in 2013. Have just opened a new pipeline that will be adding to the revenue. Would buy if it dropped back in the $20 range. Good, long-term hold with excellent management.

BUY ON WEAKNESS

Very definite up-trend. Great dividend. It has arced off the trend line and is a little overbought. Don’t sell until the trend breaks.

TOP PICK

Energy infrastructure is the key theme. There continues to be near-term catalysts. Have just announced a $2 billion deal to expand pipelines to the oil Sands, to send condensate up and bitumen back down. This could continue to generate 8%-12% accretive growth. 5% dividend, which he expects to grow by 10%.

TOP PICK

Fee based transportation services, which he likes. 70% payout ratio. Growth and nice dividend. Hold for mid to long-term.

BUY

This is a good name to own long-term. Yield is over 5%. Recent move has to do with the announcement on the $1.2 billion oil sands project that they are embarking on with the backing of Cenovus (CVE-T) and ConocoPhillips (COP-N).

BUY
Inter Pipeline Fund (IPL.UN-T) or Pembina Pipeline (PPL-T)? He owns and likes both. Inter Pipeline has been his favourite for a while. It tied itself into the oil sands expansion. Looks like it's going to be a growth dividend situation. Either one would be fine.
TOP PICK
(A Top Pick July 20/11. Up 29.08%.) 5.5% dividend plus a 5% plus average annual gain. Likes the business. Top rate management. Stable and growing cash flow. A likely increase in the distributions.
WATCH
Good company. Good, stable cash flow. A little expensive. Concerned about going into earnings. They do have some exposure to propane potentially which can some big price moves last quarter and if they got that wrong, they may have an issue in that quarter. If they do, and it dropped down to around $18 that would be a Buy.
TOP PICK
Largely negatively influenced in the last couple of months because of frac spreads and the market has been very worried about how this will influence their margins but in this case, about 60% of their production is hedged at prices that are higher than today’s prices and about 50% are hedged next year that are better than today’s. 5.4% yield.
BUY
Have conventional oil pipelines, oilsands pipelines, a midstream marketing division as well as bulk storage. There will be nice growth in their oilsands pipeline division as producers ramp up. 5.48% yield which should increase 3%-5% for the next few years. Target price of $21.
PAST TOP PICK
(A Top Pick May 17/12. Up 13.86%.) A diversified mid-stream company. Likes for the 5% yield plus the growth. Still a Buy.
TOP PICK
(A Top Pick July 20/11. Up 23.95%.)About to announce $2-$3 billion expansion of its oil sands pipeline systems. Wonderful contracts, which are cost plus so there is no risk to the company. Also enjoying an increase in their conventional oil gathering business. Also have a petrochemical storage business in Europe, which is a cash cow. Suffering a little bit from their natural gas liquids but this part is never considered part of the distributable cash. Great yield and will have consistent dividend increases.
DON'T BUY
Mid-stream oil is a good place to be. Balance sheet is a lot more levered than Gibson Energy (GEI-T) and trades at a more expensive valuation. Also more vulnerable to the compressing frac stream. (See Top Picks.)
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