Incitec Pivot Ltd T.IPL

RE:RE:Good deal for shareholders.

[wittmann]

With all due respect snewguy,some of your stats are seriously flawed to the negative.You keep mentioning 40 million in ebitda..but forget that was in 2015....the worst year for oil in many years..why not mention the fact that it was 135 million a few years before that...and now they will be able to produce far more?.As for a fire sale ...I dont think anyone should claim that.But one must remember that there were other big players after Williams assets..but IPL won out and we will never know the details as to why..we can only speculate.A bargain this deal can be justified by examining the fact that Williams spent 2.5 billion on these operations so IPL did get the assets for far less.There are other details for IPL that noone talks about such as the assumed responsibility of construction of the PHHfacility..and the possibility of Alberta's 500 million royalty incentive for exactly these operations.
Debate is good and welcomed ,however one should make an arguement based on all the facts.not just the personal angles.I have omitted a few points myself..such as the fact that this company can still find itself in the need for financing again should these projects overrun their costs for example.Space here is limited and I certainly dont want to bore people...so in closing I will say this...it will be a very interesting year for IPL..and I'm happy to collect the dividend while waiting for fruition.
ATB and good luck.