Pembina Pipeline Corp T.PPL

Pembina don't be an idiot....

[poopoopoo]

Being a Pembina shareholder I was kinda upset that they bid for Interpipeline. There is still a lot of execution risk in their project and it is fully valued in my opinion. If they would never have made the bid the stock would likely be in the $44 to $49 range by now instead of $39.

Now I pray that they do not up their bid. Let Brookfield take Interpipeline if it is able to and take the break up fee. Brookfield will cut up the business so their will be pieces to buy at a discount down the road.

Overpaying for something is the worst way to treat shareholders so I hope they do not do this.

[SargeX]

Totally agree that I would be disappointed if PPL ups the bid. I've always thought that the PPL management was top-shelf so I suspect they will just leave things alone untilt the July 29th vote and see how it plays out. I suspect that if the IPL shareholders vote it down and PPL lets the bid die, the PPL share price will have a quick buck or two bounce, Ciao   Sarge

[Sapho]

With surging COVID cases all over the world  and WTI dropping a lot in a week which I think it will continue. Midstream have had their run. Time to revinest in renewable. PPL defereed many projects and it is kind of odd that they are bidding on IPL now. 

[SargeX]

Just saw the press releasse saying PPL is NOT going to up the bid. Excellent news!! One thing I did find a little odd is that PPL shareholders are supposed to vote on the deal. I don't think I've ever seen a case where the shareholders of the company doing the take-over actually vote on it. Have other people seen this before?? Ciao   Sarge

[Sapho]

Never in 30 years of investinglthis is  crazy , So much about mgmt competnce. 

[savyinvestor333]

Yes I believe it is because they are aquiring IPL by issuing stock. The acquiring corporation does NOT need shareholder approval unless the purchase is to be paid for with stock and the acquiring corporation must issue additional shares to make the purchase, in which case its shareholders must approve the additional shares. quote=SargeX]Just saw the press releasse saying PPL is NOT

[SargeX]

Thanks Savy. Very  interesting. I guess all the previous take-overs I've experienced were done with some other finanacing and usually it was a bought deal. As mentioned, my preference is to just get the break-up fee. I guess it's best for me to vote in favour and hope the IPL shareholders vote it down. Sounds like that's a possibility. Very interesting times and I'll be

[mrbb]

now BIPC upped their bid and the chance of ppl winning the merger with ipl is less likely, and yet, ppl stock price goes down too.  If your premise is right, ppl should be heading toward 44-49 on this news but it's a red day (-1.17%)   

[micromike]

The market was expecting a bidding war. PPL announce after the market was closed that they are not going to engage in a bidding war. So in theory, come Monday. PPL should be up by at least $350 million market cap if the market doesn’t think they will get IPL which means they get a $350 million gift.  Management is smarter than Brookfield vultures. If Brookfield plans to break up the company

[davidan31]

I agree with that micro mike. As long as there are not any macro variables ie. oil price drop/general market downturn occurring we should see a nice bounce and then hopefully a steady rise into the high 40s. And then sell when trudeau wins the election and buy manure powered windmill companies.

[darb]

No davidan31, manure produces methane! They will operate on rainbows and unicorns supplied by Justin.

[mrbb]

BIPC sell cherry at cherry price, not banana price.   

[poopoopoo]

$44 to $49, ya PPL is worth that and more on its own. However, the stock won't go up now till the voting is done. Why is that? Cause if the stock goes up then their offer to takeover Brookfield is worth more. Pembina at $44 means their takeover offer is now worth $22 for IPL far more than what Brookfield is giving.... So it will likely get accepted So ya, that stock is likley to be in limbo