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
BUY
One of the major operators in Canada in the pipeline area. A good buy on a 3-5 year view. First class management.
COMMENT
Somewhat high distribution payout and expects a bit of a roll back when they convert to a corporation but this seems to be priced in. Current yield of about 7.5%.
BUY ON WEAKNESS
He was wrong to sell it because it was one of the income trusts to declare that once they are not a trust, they will continue to pay their distribution. It’s a question of valuation. If there is a sell off, he would get back in.
PAST TOP PICK
(A Top Pick March 24/09. Up 64% excluding distributions.) One of his favourite holdings. 7.5% yield. Will convert but maintain the current level of payout.
BUY
A "quasi" utility. 50-60% of their business is from the oil sands. They will hold their payout at 7.6%. Buying for the dividend. Their average purchase price is $8.
BUY
Reported good results yesterday. Good growth in oil sands. Will maintain their distribution and most likely stay a limited partnership.
PAST TOP PICK
(Top Pick Feb 25/09, Up 71%) Likes it. Great management. Is a limited partnership so they will keep their structure after 2011. Would buy more below $11
BUY
There is some inherent, stable growth. It is external management but there are clauses to protect investors.
COMMENT
Had owned because it was a good defensive name with a good yield. When investors started chasing yields, a number of these stocks started getting overvalued and this one started getting expensive. If it comes back down, he may buy it again.
PAST TOP PICK
(A Top Pick Jan 20/09. Up 59.71%.)
HOLD
(Market Call Minute.) Selling at about 2X Book.
DON'T BUY
Sold his holdings because the quest for yield has driven the stock price beyond its proper value. Very well run company and its payout is secure as they have enough tax pools for some period of time.
BUY
(Market Call Minute) Well run company
PAST TOP PICK
(Top Pick Dec 01/08, Up 54%) Sells when client’s position exceeds 10%. It is fully priced now, unless you are going to keep it 2-3 years. 8.2% will increase gradually.
BUY
(Market Call Minute) Just signed contract with Imperial Oil
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