OTCPK:ICPVF - Post by User
Post by
hawk35on Jun 18, 2021 10:56am
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CIBC reports IPL shareholders jumping ship
CIBC reports IPL shareholders jumping shipIPL investors are selling IPL and buying other opportunities in energy. This was reported in the Globe and Mail today.
In a research report released Friday, CIBC World Markets analyst Robert Catellier revised his valuations for TSX-listed energy infrastructure companies, “taking longer-term approach as pandemic risk subsides.”
“We believe valuations have been pushed up recently due to investors expectations for continuing M&A in the sector. Specifically, we believe Gibson Energy and Keyera have benefitted as fundamental investors sell Inter Pipeline and redeploy funds in the sector,” said Mr. Catellier.