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

PAST TOP PICK

(A Top Pick Jan 7/08. Down 8.4%.) This is his largest single position. Thinks distribution is sustainable long haul. Not taxable until 2013 because of tax pools. Have some good growth going for them and good lines of credit.

TOP PICK

Your portfolio wants businesses that are stable and not subject to the vagaries of day-to-day business. 70% of their revenues are essentially fee-for-service cost plus. Yield of about 10.7%. Not looking for much upside, but at 10.7% he doesn't care.

TOP PICK

Since his talks on previous shows, stock has dropped because of a misunderstanding of their extraction of natural gas liquids and stuff they process. Part of the profitability depends on the differential between the prices of oil and natural gas. Company has hedged itself out to about 2010. About a 12.4% yield.

BUY

Concerns with pipeline companies because of declining drilling activity in the western basin. However this company has long-term contracts in the oil sands. Have to do some capital funding in 2009 but should be able to handle through cash flows. Very cheap.

TOP PICK

Chosen as a low price to cash flow vehicle. 11.7% yield. Have 2 pipelines in Canada as well as storage facilities in the UK and Germany. Will generate enough revenue from their pipelines so that taxes won't be an issue in 2011.

TOP PICK

In this market, you want stability of income and high yield. This one gives you a 10% plus yield. They will have enough money to pay the taxes in 2011. Great long-term hold.

TOP PICK

Yield is 10.25% and is sustainable. They have just about completed their expansion of the corridor pipeline, which is a huge capital project. 50%-60% payout ratio. A great place to hide until market conditions improve.

HOLD

(Market Call Minute.) There are other names he likes better. Still has the external contract that he does not like.

HOLD

He understands there is no intention that they will convert prior to 2011. Current distribution is well covered in a taxable environment.

TOP PICK

Has the possibility to cover its tax bill in 2011.

BUY

Payouts are safe because oil/gas keep flowing through. Take-out potential.

TOP PICK

Pipeline trust yielding 8.8%. Distribution is sustainable through to the taxation of 2011. Putting a big pipeline in place, which is 90% in the ground, so not much cost risk. Payout ratio is low. Very solid, safe place to be. Can hold this one for ever. Thinks it will be a takeover with a 10%-20% premium.

TOP PICK

8.6% distribution is rock solid. Announced they will continue distributions after it becomes taxable. About 90% done on the big pipeline that is taking oil out of the oil sands. Will have to raise some more money to pay down the pipeline debt so you will be able to get a bit of a discount in Q4 and next year. He Buys below $9.50 and Sells above $10.

TOP PICK

Very safe security. Looking for a 12% capital gain. Gives a 9% yield. Won't be taxed in 2011 because of their capital costs allowance on their construction of the corridor pipeline.

BUY

There won’t be much in the way of capital gain; maybe 4 or 5 percent a year but there is also the 8% yield. With the capital spending they are doing to build the corridor pipeline they won’t be taxed any time soon.

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Inter Pipeline (IPL.TO)