Idiots at Pembina...Highly strategic is about all they can say that is true about the deal....
What else can you say when you overpay for a company just for the sake of getting bigger.
The cost savings are piddly amounts so who cares.
No idea if the plant even works yet or if they built it correct so big role of the dice there.
It really just gives a tiny win for IPL and a huge win for Brookfield as now they get the liquidity needed to dump their shares as all they wanted to do was talk up the stock and fid some idiot to give them an exit. Enter Pembina management.....
This kinda sucks for Pembina as now the potential for a dividend increase which likley would have happenned later this year will soon be a distant memory.
What can I say when management overpays for a company?
Lower share price kinda tells the story....
Now we wait for later this year and pray that the palnt does nto have more cost overurns, delays, design errors, etc. All we need is a bit of that and down goes the share price.
Ya, I think Pembina management needs to be fired...