OTCPK:ICPVF - Post by User
Post by
Quintessential1on Jul 19, 2021 7:15am
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Post# 33567965
Inter Pipeline and nothing else.
Inter Pipeline and nothing else.I believe neither offer is going to win as they stand right now.
Pembina isn't the best offer and won't get 2/3 shareholder approval.
Brookfield has the better offer but it is not enough to encourage a 55% tender.
I think IPL will have to shell out the $350mm break fee and go it alone.
The share price might dip a but but no way ithe market says Brookfield was willing to pay $20 per
share but the share price is really only worth $18.
I think once the deals fail there will be a fllod of money back into IPL for those that want to participate in HPC,
HPC will be completed and start production. IPL CAP costs will tumble and DCF will skyrocket and IPL will increase the dividend four fold eclipsing the PPL proffered carrot.
Inter Piipeline will become the largest producer of polypropylene in Canada offsetting the $1 billion worth of PP imported annually in Canada by barely half that amount.
The need for expansion and investment will follow, The share price should be about $35 by then and steadily growing.
The $350mm break fee and these offers will be happily in our rearview mirror.
Inter Pipeline Long and Strong.