IPL shareholders looking to other opportunities in energy sector. A lot will be coming tro PPL even before the vote on the buyout happens.
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.