Pembina Pipeline Corp T.PPL.PR.E

Enough Is Enough

[TheBridge]

How much longer are we going to lie in the ditich before we get picked up and set onto the road to $50? Hopefully September gets us rolling in the right direction. But it has certainly provided an opportunity to add some more shares at bargain prices while we've continued to collect a nice dividend.

[SargeX]

I don't think the PPL share price is going to go up much until the big black cloud called TMX take-over is cleared up. PPL has been my favourire midstreamer for yonks but I'm a tad worried they might be stupid enough to buy TMX. If they do, I will immediately sell half of our full position. I'm a slow learner but have finally caught on to this purchasing something that is a big, bad

[DeanEdmonton]

Sarge- I agree completely. I have a large holding in PPL. If they move to buy TMX I will own zero shares the next day, just like I did when AQN announced Kentucky Belch, Rogers announced Shaw, TD announced First Horizon, Rogers Sugar announced the Maple purchase, Parkland kept buying up non-accretive assets and adding debt like a drunken sailor- or like Trudeau and his court of idiots, and Alta

[SargeX]

Hey Dean You've certainly made the correct call on all these "swallowing" big & sometimes UGLY fish scenarios. PPL had been my favourite midstream for quite a while but this TMX overhang has bumped it below KEY (now that KAPS is completed, divy has been raised, and they keep showing how prudent they are). At this point, we're only planning on trimming half. Tricky part

[Albatross]

Maybe there's an opportunity. Ultimately we have to trust the leaders won't high center the company on a nice set of pipes and rack us with a mountain of debt... transmountain for $10B would be great. Transmountain for $30B maybe not so much.. I guess it depends how the debt is structured.. what the interest is at, when the payments are due.. maybe the government gives pembina and first

[DeanEdmonton]

Albatros - you trust them if you want, so far I have seen far more than enough examples of REALLY bad decisions on acquisitions to no longer trust CEOs or their Boards. AQN, Alta Gas, Rogers, IPL and Heartland, and I could go on for much much longer. Best of luck but I don't like or trust CEOs that mislead me.

[bttmfischer]

AMEN   Dean.

[stockmarket1]

I'll add the previous CEO of Vermillion energy too. 

[SargeX]

Tony Marino is actually a double duty terrible CEO with both VET and BTE bad take-overs and subsequent divy cuts.. How he keeps finding work is truly amazing.

[dogatcat]

Great call on Alta Gas