OTCPK:ICPVF - Post by User
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clamlinguineon Mar 31, 2020 10:50am
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Post# 30863983
RE:RE:RE:Thoughts on IPL
RE:RE:RE:Thoughts on IPLGregC24 wrote: How did they screw it up. They said there would be an update on the sale process. They did not say a sale would happen. The analysts saw that if the sale did not happen a dividend cut could happen. They got the message. If you didn't that isn't managements fault.
Scotia from March 19:
Latest Research (March 19, 2020):
OUR TAKE: Neutral. Inter Pipeline announced that it will cut its 2020 capital budget by 5%-10%. We think the company is waiting to understand the outcome of the Bulk Liquid Storage sales process before making any larger changes to the capital program and funding plan. We view the cut as minor.
Inter Pipeline expects to provide a market update on the status of the sales process within the next few weeks. If the Storage business is not sold, there could be a dividend cut.
Thanks. I didn't get that in reading the discussion here.