OTCPK:ICPVF - Post by User
Comment by
lashingon Jun 07, 2021 2:57pm
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Post# 33341715
RE:My Thoughts
RE:My ThoughtsExactly what I am thinking. This is far to big a deal to just die. Anyone serious wants those assets. Pipelines in Canada are impossible to obtain now. Management has been playing greasy IMO and everyone knows shareholders are getting hoses. Plus no matter what, if IPL goes at these discounted prices the lawyers will swoop in with Class actions as that blood is also in the water. Its just a greasy situation that could have been handled better.
News on this deal is far from over.
VPAThinker wrote:
So, what I think is going to happen is that PPL will come out with one last bid in the .55 share range which will run IPL up to about 22ish.
A day or so later, Brookfield will also pitch slightly above whatever Pembina's offer works out to and that will be the offer that finally goes through as it will be high enough for some longer term investors to finally get their money out with a gain or negligible loss.