RE:RE:RE:RE:RE:Pembina cancelling $4.5B Alberta petrochemical projectI totally agree. My wife & I also have a full position in IPL and I really think the PPL management is far superior to IPL's. Both IPL and PPL announced their PDH projects around the sane time and I thought IPL trying to go it alone was a very risky (and dumb) move while PPL was very prudent finding a partner and a knowledgeable one to boot.
At this point, cancelling/postponng forver seems like the smart move.
With today's climate, our totally idiotic gov't, and the b*ggered approval process, I'm convinved any large project would be a big mistake. It's far better to do tuck-in and add-on smaller projects.
Ciao
Sarge
GeorgianBayGuy wrote: To be honest, I am not overly disappointed to see the project be sidelined. Between the regulatory and tax hurdles in Canada and COVID-19 complications, it was a lot of risk for the company (and its shareholders) to take on. Hoping they can redeploy this capital in a manner that will have more immediate benefit to shareholders.