Inter Pipeline (IPL.TO) Buy, Sell or Hold

Inter Pipeline (IPL.TO)

19.12

+0.28 (1.49%)

as of Nov 1, 2021, 8:00:00 pm Market Open.

714 watching

HOLD

Well-managed pipeline company and has leverage to the continued growing Alberta oil scene. It’s only a hold because it is a trust and payout is unsustainably high and continued growth would have to be financed by issuing new units. Prefers Enbridge or Transcanada pipeline.

BUY

Limited partnership and no cut in the payout. Good aggressive management and have taken advantage of the tar sands by building subsidiary pipelines. Lots of work for them.

TOP PICK

Cdn$ is what will mess resource investors up the most in the next year. If it goes up significantly it messes up margins significantly. Now going to big stable businesses that can grow. 6.3% yield.

BUY ON WEAKNESS

Good long-term energy infrastructure play with energy storage assets in Europe and pipelines in western Canada. Very well managed. Will stay as a limited partnership rather than converting to a Corp and keeping their distribution. Big growth will be the corridor pipeline, which will carry oil sands oil.

PAST TOP PICK

(A Top Pick Nov 2/09. Up 56.05%.) Still a Buy.

DON'T BUY

You won’t get a lot of growth. Move money into TRP, and similar. Doesn’t see any dividend increase.

BUY

Well managed company. Doesn't expect any significant cut in distributions when they convert. 6%-10% growth every year.

BUY

Likes it. It is always running a little bit expensive. Wants to buy at $13 or slightly under. Volumes have been down a little bin in some areas. Pretty good yield. Need to convert to Corp but have not announced what the cut in the distribution will come.

BUY

Yield of 7%-7.5%. Had a series of distribution increases over the last 2-3 years. Have some new pipelines coming on stream out of the oil sands over the next 2-3 years.

TOP PICK

(Top Pick Nov 2/09, Up 38%) Management proved to him recently that there was substantial room for growth. Pretty good distribution and will be tax efficient after conversion.

PAST TOP PICK

(A Top Pick Sept 10/09. Up 52%.) Would buy this one for his new accounts. Has future growth, particularly in the increase in capacity of pipelines from oil sands to regular markets. Limited partnership so they don't have to convert but distribution is treated as dividends for tax purposes.

COMMENT

Good pipeline company with some mid-stream operations. Distribution is not big but is stable. Will be a 5%-6% grower.

TOP PICK

Buy below $13. Good yield. Big addition to the revenue coming on when their corridor pipeline comes on. There is a prospect that in the next year or so they might raise their distribution. Will remain as an income trust. 7% yield.

PAST TOP PICK

(A Top Pick June 8/09. Up 66.42%.) Sold his holdings.

HOLD

As it approaches $13, he expects some resistance. Announced a long-term contract tied into the tar sands. Good dividend that is unlikely to be cut.

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Inter Pipeline (IPL.TO)