Post by
fauxtomato on Feb 16, 2021 2:05pm
SDE halted
Spartan Delta has been halted since this morning, could be some interesting read throughs for the BRC there if it's a big transaction.
IPL I know a bit about: I bought a couple thousand shares in 2009 in an RRSP (my first job in Canada) set it to reinvest the dividends and forgot about it. I don't love their core businesses, it's mostly oil sands transport and NGL extraction at this point, right? And Heartland was a disaster in the making, I've had some tangential welding related relations there through my day job and it's not confidence inspiring. They'll probably do ok with it but I've got no love for the company. KEY is the company in AB that I would trust with my money, and PPL could make sense as a suitor for TWM eventually (they've acquired several companies I've gone big on now, Fort Chicago and Provident) the Brookfield deal, keeping in mind Brookfield recently poached a founder of TWM, should lend some confidence to the Canadian energy infrastructure market, but for reasons firstworld will be happy to point out isn't a home run.
I do think, in my heart of hearts, that the AECO market is turning in a major way for the long term and that can only be good for gas leveraged producers.
Comment by
valuguy on Feb 17, 2021 12:26am
TWM's debt is a poison pill.Highly unlikely to be bought out.
Comment by
2020oilgamble on Feb 17, 2021 5:51am
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Comment by
AntoninScalia on Feb 17, 2021 11:23am
Don't forget about PE funds. Hard to pass up double digit DCF yields.
Comment by
valuguy on Feb 17, 2021 1:22pm
WTI will not see past $63 in 2021.Once WTI tops,then it will correct .......into the $40s?Refiners hate high feedstock prices.
Comment by
AntoninScalia on Feb 17, 2021 9:15am
Disagree. 1. IPL is significantly more levered than TWM 2. A more credit worthy company can purchase TWM and save millions in interest costs and create enormous value.