OTCPK:ICPVF - Post by User
Comment by
mrbbon Oct 15, 2020 12:02pm
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Post# 31721436
RE:RE:RE:Adding
RE:RE:RE:Adding with GIC rates near zero, i don't why dividend stocks are getting hit everywhere. I see reits and bank stocks aren't doing great either. Where are people putting their money to work?
TheBridge wrote: IPL is not going to stay in the $12-13 range forever and it's going to take a long time, likely 3 to 5 years to climb back into the $30 range and higher. Unless the world continues to have events that create upheaval in the economies. When Hearland opens up in just over a year IPL will have another source of revenue in addition to their regular sources. The remainer of the Europen storage will also get sold and debt will be further reduced. As revenue increases and debt is reduced the dividend will return. The first big step will be to regain the $18 share price range and as it becomes solidified we should be able to enter and grow in the $20 range. If crude prices begin to rise and sales in the petro-chemical end grow we should eventually be int he $30 range. This is of course my opinion and the timelines could vary as world events could vary. Can I gaurantee that all this will come to fruition, no but I do believe things for IPL will improve as it will for the world economies.