RE:Pembina don't be an idiot....Totally agree that I would be disappointed if PPL ups the bid. I've always thought that the PPL management was top-shelf so I suspect they will just leave things alone untilt the July 29th vote and see how it plays out.
I suspect that if the IPL shareholders vote it down and PPL lets the bid die, the PPL share price will have a quick buck or two bounce,
Ciao
Sarge
poopoopoo wrote: Being a Pembina shareholder I was kinda upset that they bid for Interpipeline. There is still a lot of execution risk in their project and it is fully valued in my opinion. If they would never have made the bid the stock would likely be in the $44 to $49 range by now instead of $39.
Now I pray that they do not up their bid. Let Brookfield take Interpipeline if it is able to and take the break up fee. Brookfield will cut up the business so their will be pieces to buy at a discount down the road.
Overpaying for something is the worst way to treat shareholders so I hope they do not do this.