Post by
hawk35 on Aug 09, 2021 12:28pm
RBC Comments on possible acquisition of IPL assets
Below is from RBCs review of PPL today that increased target price to $48.00.
August 8, 2021
Pembina Pipeline Corporation
On to the next episode
Does a future chapter in the IPL saga include an acquisition of some of the assets? Pembina continues to note that it will seek opportunities for growth "through focused acquisitions", although management noted on the Q2/21 call that the statement is not a signal of a pending acquisition. We also believe that statement along with Pembina highlighting the "unparalleled...value creation" and "industrial logic" of a combination of its business with certain of Inter Pipeline's assets could be targeting the potential to eventually acquire some of Inter Pipeline's NGL assets (e.g., Heartland, Redwater, Cochrane) if BIP's offer is successful.