RE:RE:RE:RE:RE:CEO That's the trouble with all stock bids. If the market did like what they saw with Pembina their relative offer would of gone up with the share price increase. If the stock hit even just $44 their offer would of probably won IPL shareholders over. But maybe Brookfield would of continued to up their bid. All we know is that didn't happen.
I don't think Pembina was/is in a position to fund the bid with cash, nor would it have been wise to take on huge amounts of debt to fund the transaction. The only option was to throw out a stock offer.
Perhaps if they hadn't spent any money on their own now mothballed polypropylene plant they would of been better positioned to up the offer.
I am long PPL and look to add at these lower prices. There's a lot of potential and I don't think pipelines are going away, even in a net zero world. Pipelines are the safest, most energy efficient way of transporting the feedstocks and products the world is going to need more of.