Pembina Pipeline Corp T.PPL.PR.G

PPL was smart not to bid more for IPL

[hawk35]

Today IPL announced Heartland is another $400K over budget and again delayed.
They now expect some kind of gradual phase in starting in Q2 of 2022 but they pulled all financial guidance for Heartland for all of 2022 because of the uncertainty. 

PPL management was smart not getting into a bidding war.  Better taking the $350 million and then picking up a few of the assets after Brookfield figures out what they want to sell.

[stocktalk]

Not only over budget but only 60% in committed contracts for Heartland/Hi tech plastics which is made from propane. (ppl can supply). Bip knows ppl has the experience and knowledge to run this project or ppl can just walk away if offered to buy. IMHO

[darb]

It's 68% contracted.

[bttmfischer]

Being who and what they are, I believe Brookfield KNEW exactly what they wanted to keep, and what they want to dispose of, BEFORE they embarked on the buying of IPL.

[DeanEdmonton]

Spot on Hawke. What we are seeing is just fiurther proof of how bad the management and Board of IPL really are. Less than one quearter after claiming everything is on track, on budget and will be fuully operational on time, the real story coems out. Anyone that thought IPL would be over 25 bucks by year's end  was smoking too much Ganja. Those that think it is worth 30 bucks really weren&