Incitec Pivot Ltd T.IPL

RE:RE:ouch

[Dibah42]

stocktalk wrote: Your spot on with your points, we are all in the whole now. Should have just stick with basic core business.

  

The socio-political climate has become so constrained that it is well nigh impossible to contemplate any growth in the "basic core business"----pipelines.  This despite the fact that a pipeline is the safest and the most economic means of transporting petroleum.  Just ask the folks of Lac Megantic. Furthermore, an east-west pipeline would bring Canadian crude to tide water and open world markets thereby eliminating our abject dependence on a single customer which is costing us tens of billions year in and year out.  Just look at the chasm between WTI & WCS pricing.
To my friends who demonstrate around climate change I urge them to consider how much additional C is being pumped into the atmosphere by transporting the same volume of crude via rail and road.
If mgmt were to follow your advice they'd face the wrath of shareholders like me.

Yes HL involves a big risk but it is a calculated risk and worth taking. The alternative would be slow death by inaction.
Time to go to the CC.
Cheers