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
PARTIAL SELL
Relatively expensive. Oil pipeline rather than gas. If you own, consider taking some profits and diversify.
WEAK BUY
Bought some recently for income accounts. Rising interest rates might hit some high yielding stocks. Annalists are looking for a slight decline in stock price.
BUY
His favourite of the pipelines. They are all doing pretty well and have mid-stream assets.
PAST TOP PICK
(Top Pick Mar 7/11, Up 36.38%)
BUY
Great yield of 4.5%-5% and has been able to raise their dividend year after year. Also benefiting from people who are thinking about retirement and out of bonds.
PAST TOP PICK
(A Top Pick Feb 25/11. Up 34.03%.) Very good yield. Reasonably fully priced right now. Would buy back some more if it sold off.
PAST TOP PICK
(A Top Pick Feb 3/11. Up 31.44%.) Still a good story.
BUY ON WEAKNESS
Bought some of this when it pulled back below $18. Would wait for it to pull back again before buying. Great dividend yield support. Recently closed on their acquisition of the Danish storage terminal.
BUY
A solid holding. He has held it for years. Distribution has grown steadily but price has kept up so yield is down to about 5%. Wouldn’t expect a lot of appreciation but you will see dividend increases as the pipeline comes on stream. Always a hope of merger or acquisition. It is widely held.
WATCH
Chart shows an uptrend from 2009 and it is still advancing but might be suffering a little from the trend away from safety. The 50 day is rolling over and is trying to trade back down to the 200. Watch the 50 day and see what happens. Relative strength is rolling over also.
COMMENT
Likes infrastructure space. There are a lot of positive tailwinds on shale gas plays and his company benefits from that. Doesn't like their external management contract structure. Thinks it is well behind the group in terms of its corporate governance issues. Would prefer Pembina (PPL-T) or Keyera (KEY-T). (See Top Picks.)
BUY
Never thought the third party contract for management was the main driver behind stock price. Conservatively run company. Management’s objective is to make sure there is enough cash flow to cover the distribution.
BUY
One of his favorites. Still likes it and feels it is reasonably priced. Good to hold for yield. Potentially could increase dividend this year. May back fill for a little while.
HOLD
Chart shows a long upward trend from early 2009. No reason to sell it right now. If it broke $18, you're probably going to get some interest and also at $14. If it broke $17.90, you may want to take some off the table and pick it up again around $17.
BUY ON WEAKNESS
His largest single holding. Had a great year that surprised him. Really likes the company. It is extremely well managed. At least one catalyst – they increase their distribution and yet keep their distribution ration low. As the oil sands produce more oil they are in a terrific position to ship more of that oil south. They don’t have to add more pile, just compression stations. They have had a terrific run so wont do a great gain but the distribution is terrific. If market gets too good, people will take money out of this one and into more aggressive holdings. Provident is an alternative and is a top pick tonight.
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