Trending stocks today
Inter Pipeline (IPL-T)
TSE:IPL
19.12
0.28
(1.49%) 1d
Financials
Technical Analysis
$20.230
Unknown
Will be acquired by Brookfield or Pembina. Final decision mid-June. If you own shares, hold on. An attractive asset for PPL, which she owns, as it expands their footprint.
Fascinating display of a lack of IPL corporate governance. IPL has done everything they can to not engage with Brookfield, but happy to risk 350M of shareholder money in break fees as a bait to get PPL to bid for them. He doesn't understand it. Wouldn't invest in a company that won't negotiate a bona fide offer. Missed expectations in last couple of years.
Why is the lower offer being entertained? Good assets, cyclically depressed. He owns PPL and BIP.UN through BAM, the potential buyers. A merged company is good for PPL. The PPL offer is not superior to the hostile Brookfield offer, but it helps them keep their jobs. The tug-of-war is good financially for shareholders. IPL Board has a fiduciary duty to deliver the most value to shareholders, and this would be the Brookfield offer.
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. This is the third attempt for PPL and IPL to merge. Up to $200M in synergies will be achieved. It would be a decent merger and there is probably more in savings than reported. Wait to see what plays out with the bidding war with Brookfield. Unlock Premium - Try 5i Free
Sell half your large position, because there's a chance Brookfield will increase their hostile takeover bid. But IPL finds a partner for its heartland complex, the Brookfield offer may not be the best option and could collapse. If the deal collapses, their could be pressure on IPL shares. He wouldn't buy IPL now (share price is too high), but consider Gibson Energy instead given its fundamentals.
Whether the offer goes through, BIP.UN are savvy buyers. If the plant gets completed, it will be a big win. There are others in the pipeline space he'd rather own. Not sure the price will move up from where it is now. The yield is down around 2.6%.
Inter Pipeline(IPL-T) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Inter Pipeline(IPL-T) Frequently Asked Questions
What is Inter Pipeline stock symbol?
Inter Pipeline is a Canadian stock, trading under the symbol IPL-T on the Toronto Stock Exchange (IPL-CT). It is usually referred to as TSX:IPL or IPL-T
Is Inter Pipeline a buy or a sell?
In the last year, there was no coverage of Inter Pipeline published on Stockchase.
Is Inter Pipeline a good investment or a top pick?
Inter Pipeline was recommended as a Top Pick by on . Read the latest stock experts ratings for Inter Pipeline.
Why is Inter Pipeline stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Inter Pipeline worth watching?
0 stock analysts on Stockchase covered Inter Pipeline In the last year. It is a trending stock that is worth watching.
What is Inter Pipeline stock price?
On 2021-11-01, Inter Pipeline (IPL-T) stock closed at a price of $19.12.
In the midst of a bidding war. More of a hold than a buy. Prospects for material upside are not very high. Better opportunities elsewhere. If you made profits, take some and invest in something like GEI or even TWM, if you have a higher risk tolerance.