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

BUY

5 year time horizon? Over 5 years we will know how their petrochemical plant will play out? By 2022, it should be in operation. The company has great long term contracts in place for the base load of it non-petrochemical business already and he looks for them to the same for this new project. He hopes, as a large shareholder, the new business will add value to their business. In the meantime a good place to park your money and collect the dividend. Yield 6.9%

BUY

He likes both companies. There was always a concern about ENB-T being able to finance their projects but they keep proving they can. He believes they will continue to perform fairly well. They are an attractive yield play.

COMMENT

They probably rejected the offer since they believed it was low-balled and thinks the company is worth more. Probably will see a consolidation in the space. They are probably waiting for a better offer.

COMMENT

Took some profits earlier. Now, there's an offer around $30 for the company. The offer is probably too cheap. The company is under pressure with the big multi-billion dollar plant that could have things that don't work. The dividend is probably safe.

COMMENT

They received an unsolicited bid for the company, maybe around $30. A new plastics plants is suppoed to add to NAV, but this is cyclical. A speculative stock right now.

WATCH

It started a dip late last fall. The spike recently is pretty positive even though it is off today. The unsolicited bid should hold the stock. Long term it is pretty good. You have to watch the hurdle we are at right now.

COMMENT

Have owned it in the past, but have scaled back on energy exposure. Their business is consistent and they have a steady dividend that is well covered. Good for a longterm investor. He's seen the indicators that the sector is bottoming out, but would like to see price increase and relative strength to improve before considering energy.

COMMENT

Agrees with the target. Stock at $19-20 was a five-year low. Dividend is not covered. Concerned that earnings forecasts have been fading. It won't get worse than $20. Hopes to see an upturn in the earnings forecast shortly. (Analysts’ price target is $24.56)

BUY

Rich valuation in this sector, but the pipelines are cash flow machines. We're not building any in Canada, so the pipeline companies have a monopoly. He has a $26 target. The 8% dividend is safe.

BUY

Pipelines have held up better than the energy sector. Neckline at $22 for IPL and it should hold. Expect much higher levels from here on. Summer is seasonality.

COMMENT

Pays a sustainable, high 7.6% yield. It's more like a utility with a levered balance sheet. Trades at 2.3x book. But they carry some debt which is risky.

COMMENT

Good news, bad news. Missed Q1. Sees no growth in this name. It's expensive. They're building a plant, which carries execution risk, and their debt's going up. Nice dividend of 7-8%, supported by an 83% payout ratio. If you like this area, try Pembina instead. But this stock is OK here.

TOP PICK

They are building a petrochemical facility in Alberta and the market is a bit nervous. This is creating a good buying opportunity. You are getting paid to wait for the project to add a further $5-$10 per share capital appreciation. Yield 7.62% (Analysts’ price target is $24.27)

BUY

Good for a retiree needing income? He sold his stake a few quarters ago. It's a consistent dividend payer and the yield is safe. Yes, it's good for retirees, but there is better share price growth elsewhere. Their new propane facility should add $600 million to EBITDA profit when it comes online at the end of 2021 or 2022.

COMMENT

With them building a new plastics plant and the government cancelling plastic bags and straws. The ban on bags and straws are very, very small if you look at all the things plastics are used for. They should not have an impact.

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Inter Pipeline (IPL.TO)