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
Likes the pipelines including #1 Inter Pipeline (IPL.UN), #2 Fort Chicago (FCE.UN-T) and #3 Pembina (PIF.UN-T). Fully priced, but gives a very good yield.
BUY
Recently had a very good Q1 earnings and cash flow. Excellent exposure to the oil sands and their volumes through this are going to grow over time. Great infrastructure play in Canada. Yield of about 8.5%.
HOLD
The income stream has a very modest growth profile but of a long duration. Has pipeline development on the go. Expect they will be able to continue paying their distribution after 2011.
PAST TOP PICK
(A Top Pick May 16/07. Up 8%.) Income trust pipelines are going to do very well. Still a Buy.
BUY
The way you look at this and its 2 colleague trusts Fort Chicago (FCE.UN-T) and Pembina (PIF.UN-T) is that you take the yield to get 2% or 3% capital gain and adding it to your yield you get a pretty good total return.
BUY
(Market Call Minute.) A volatile holding. Prospects look pretty decent.
COMMENT
Have said they will maintain distributions even after 2011 when they become taxable. Likes the pipeline trusts, as they are a good solid utility business and are yielding about 8%.
PAST TOP PICK
(A Top Pick May 2/07. Up 7% including distributions.) 8.5/9% yield.
BUY
An infrastructure play with pipelines, midstream assets and energy storage assets in Europe. Also have a lot of growth from their oil sands pipeline. Payout ratio is about 92%. Good price.
TOP PICK
Pays 9%. Thinks the distribution is bulletproof. Management has gone on record saying they think they can maintain the distribution once they become taxable. Also have a new pipeline going into the ground that will take oil out of the oil sands, which will add $1 billion to their capital base. Well managed.
BUY
He would buy it today for the income component. With the current yield and the capital gain, you are looking at a 10% to 11% total return.
TOP PICK
Energy demand in North America will be continuous and increasing. You want companies that are transporting it. This is the cheapest, along with TransCanada (TRP-T), but this one has a much higher yield, in excess of 8%. Safe distribution level.
COMMENT
A collection of businesses all related to the oil/gas sector. Distribution is quite stable and has opportunities to increase over time.
BUY
This is his choice in pipelines.
COMMENT
The payout ratio is about 85%, which he considers typical. They are doing many projects, which he feels is very helpful to them.
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