Incitec Pivot Ltd T.IPL

RE:Storage sale scenario + Dividends

[TheBridge]

The storage facilities are all of a sudden full to the cap, storage rates are climbing and earnings wil be helpful to IPL. Now who would at this time and with what is happiening to the world economy be stepping up and making a large purchase such as this and now likely at a higher price tag?I don't see the IPL management making irrational changes at the spur of the moment, some time has to pass so that intelligent decisions can be made as things continue to be sorted out, they're still changing and too many factors are still at play and changing again. Some have indicated that there might be, sooner than later, an arrangement by Saudis, Russia and Texas to reduce crude supplies significantly to deal with the oversupply and bring the barrel price to a reasonable level for them. Right at the moment they are distracted dealing with the virus but those dealings with the virus might be coming to a conclusion shortly, then some of their attention can move to other issues such as crude prices. But it going to take some time and IPL needs to take its time before acting prematurely. The stimulus package, even if it were to go out this week, isn't going to make its effects known instantly, that too will take time. Hard as it is everyone needs to be patient. Hard as it is people need to relax and not strike out at others because of the attitude climate at the moment, hard as it is takes some time and thought to figure out what the next wise move is instead. IPL is certainly in a much better position as part of the energy sector than many other companies in the gas and oil producing activity. Everyone, try to do the best you can and let's hope things start improving!