Inter Pipeline Fd Limited Partnership Unit CL A IPPLF

This offer calls "BullS*t" on IPL management...

[FreddieMac]

With regard to two matters:

1.   The amount of contracting done for offtake at HPC  (where there has been no disclosure by IPL, which has hurt the share price); 

2.    The lack of announced progress on the HPC "partner" who has yet to appear and where there has been, again, no disclosure.

So Brookfield are taking advantage of the information gap created by IPL management.

Don't expect any major bidding war here until IPL provides better disclosure on the above two points.

So for as much as people don't like the $16.50 opening bid price, and I agree it is low and appears opportunistic, please take a good hard look at the management team that got shareholders there before complaining about Brookfield taking advantage of a situation that is a result of IPL management's lapses.