Inter Pipeline

IPL-T

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.

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.

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.

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)

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.

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.

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.

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.

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)

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.

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.

It's under pressure. It's not a trade, but neither a sell. He's leaning to a buy with modest upside.

Their Alberta pipeline is under pressure because of weak oil production and competing pipelines, but a new propane facility should come online in two years and boost cash flow by 25-30% . The 7% dividend is in a waiting period until then. Generally, politics on both sides of the border have frustrated all pipelines. He expects approvals will eventually come.

Yield up above 8% right now. He has a very negative sentiment when it comes to pipelines. Thinks they have become hugely politicize. Don't know if Inter Pipeline is trying to build a new pipeline, but looking at Trans Canada, TC Energy etc. are having a very hard time trying to get new pipelines through. New laws are going to be quite strict. Long term doesn't see the ability for much growth.

It is a Canadian infrastructure pipeline company. They are creating plastics that will go into the US and create a lot of revenue. He is taking a look at it.