RE:Strength At RIPET Causes Us To Raise RatingI assume this is CIBC's recommendation.... I could never understand their $1.05 estimate - Now overnight they jump it to $1.42 . Immagine a 20 times PE = 28.4 and an earlier one of 1.2 times 20 = 24. Now consider a blend of the two at just 18 times earnings and one gets a near term target of 1.31 times 18 becomes 23.58.
All these correspond now ( finally) much closer to all my previous work looking at targets of $24 and then later up to $28. {Typical to see analysts who were previously burned to jump in very cautiously} If ALA stays on track I will not be surprised to see numerous raises as we move into 2020 and again in the second half of the year. PATIENCE It's all working out...