OTCPK:ICPVF - Post by User
Comment by
McRambuson Mar 18, 2021 1:48pm
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Post# 32827250
RE:RE:RE:RE:X Day is FRIDAY March 19th
RE:RE:RE:RE:X Day is FRIDAY March 19thdownwithdotcom1 wrote: bizarre statement - how about the giant plunge in the share price when they made that same 72% dividend cut that your "glad" they did??? dwdc
The 'plunge' would have happened anyway, take a look at the 'plunge' PPL, KEY took. PPL and KEY did not cut the dividend. All three fell around 65-75%. Having a dividend to cut is like one last lever you can pull. Liike it has already been said, PPL chose to cancel their project, likely because the 'partner' (everyone wants IPL to find) got cold feet and bailed out. If Heartland was JV with another partner IPL could have been forced to do the same had the partner refused stating force majeure due to Covid.
Not having a partner may have actually been positive for IPL as the funding assumed no partner. Now this Brookfield nonsense is a huge drag on the share price, it is capped at $18.25 because their is a possibility no one emerges to challenge Brookfield as the other pipelines infra companies here all do business with Brookfield and would not want to damage any relationship. Not a good situation.