RE:RE:RE:Enough Is EnoughHey Dean
You've certainly made the correct call on all these "swallowing" big & sometimes UGLY fish scenarios. PPL had been my favourite midstream for quite a while but this TMX overhang has bumped it below KEY (now that KAPS is completed, divy has been raised, and they keep showing how prudent they are).
At this point, we're only planning on trimming half. Tricky part would be where to put all that cash.
Hopefully the PPL management aren;t that dumb to get involved in TMX as it is such a total disaster.
I got quite a laugh out of seeing Trudope saying last week that the gov't TMX investment is still "solid". Most of the idiotic Canadian voters probably believe him. :-(
Take her easy
Sareg
DeanEdmonton wrote: Sarge- I agree completely. I have a large holding in PPL. If they move to buy TMX I will own zero shares the next day, just like I did when AQN announced Kentucky Belch, Rogers announced Shaw, TD announced First Horizon, Rogers Sugar announced the Maple purchase, Parkland kept buying up non-accretive assets and adding debt like a drunken sailor- or like Trudeau and his court of idiots, and Alta Gas announced. The only major recent acquisitions I like is RBC and HSBC. I bought more RBC. Any business has trouble integrating large acquisions, it usally takes a couplek of years. Good time to be in something else till it settles out.
SargeX wrote: I don't think the PPL share price is going to go up much until the big black cloud called TMX take-over is cleared up. PPL has been my favourire midstreamer for yonks but I'm a tad worried they might be stupid enough to buy TMX. If they do, I will immediately sell half of our full position.
I'm a slow learner but have finally caught on to this purchasing something that is a big, bad asset. It took 3 previous disasters with ALA buying WGL, IPL doing Heartland on their own, and AQN trying to buy KPC.
As my Dad used to say on learning a lesson: "Better late than never". :-)
TheBridge wrote: How much longer are we going to lie in the ditich before we get picked up and set onto the road to $50? Hopefully September gets us rolling in the right direction. But it has certainly provided an opportunity to add some more shares at bargain prices while we've continued to collect a nice dividend.