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Inter Pipeline Ltd. (IPPLF)

Other OTC - Other OTC Delayed Price. Currency in USD
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15.05-0.49 (-3.15%)
At close: 12:01PM EDT
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  • A
    From Stockhouse:
    Those who did not respond to the tender by the October 22 deadline will have BIPC decide what portion they will receive of the $20 and BIPC sharesm most likely BIPC shares. The drop in price today reflects the 0.25 shares of BIPC for each IPL share. With BIPC trading at $74.45 this reflects an IPL price of $18.61
  • 🐫
    It's been fun (not) everyone. Farewell!
  • t
    Delist coming
  • T
    I held IPL for many years for the great monthly divy. Will they ever increase back to old levels of around 7% like other pipelines? Any talk of a major increase to pre Covid?
  • B
    anyone's brokerage acc. shows jump of 300% today. from 19.94 to 75$?
  • S
    this still trades?
  • M
    I was lucky to bail out at $21/share. Brookfield always screws the retail investor, dilution is coming. I have been burnt twice by Brookfield…, but not a third time.
  • p
    could thedeal be cancell that couldbewhy stock is crashing
  • p
    probably word is out deal not going through that is why stock is crashing
  • M
    Brookfield Asset Management Inc. is seeking to raise $12 billion to $15 billion for its third flagship private equity fund after making a string of acquisitions, according to people familiar with the matter.

    As I stated before this deal/steal was accepted by IPL management. All the share holders who were given BPIC shares in exchange for their IPL shares are going to face some serious dilution going forward.
    BAM is going to rely on all its ticker symbols to somehow contribute to it's raising of $12 to $15 billion dollars. You are going to be diluted entirely out of your BPIC positions. You can thank IPL management for their collective mismanagement; perhaps you'd like to do so with a bag of hammers.
  • N
    just wondering what happens if I did not tender my shares and I still have IPL shares in my account. What happens? Do i get to keep them? Do they become BIP shares? I just need some clarification. Excuse the ignorance and dumb question. I realize that BIP bought out IPL but what happens to the shares of IPL if you did not tender them?
  • C
    Listen, I own BIP. They recycle capital, the best in the business. What this means is that they don't want to buy to own it into the future, they want to finish heartland, find some efficiencies and cost reductions, and sell for a profit. Alternatively, the PPL offer is about a long-term partnership and building one of the largest and most profitable energy companies in the region, with significant cost reductions and improvements to EBITDA margins and FCF. The 4% increase to PPL's offer is LAUGHABLE and any sensible shareholder would want the PPL deal.
  • M
    Here is a point I would like to share. This offer by Brookfield was a timed response to the cancellation of the Keystone XL. now that its offline the importance of the network interpipeline has increased significantly. Brookfield is seeing value in the fact that the US is in a position where they cannot increase production quickly and interpipeline has infrastructure to allow for higher transport via alternate methods using rail. they are jumping in before market sees the value.
  • J
    In 2017 heartland didnt exist, oil was priced similar to what it is today (50-60) and IPL had a price of about 25$. So pipeline only 25$. Heartland was approved in late 2017. Today heartland is built, commissioning is scheduled for August. Recognizing the multi-billion $ petrochemical plant didnt make the company worth less, which is what BIPs offer suggests, last year IPL received an offer for $30. BIP is trying to take your money. At 16$ your selling them the pipeline at a discount and giving heartland away for free. over the next 6 months this project is going to significantly gain. Dont give your money away to BIP. Vote No to 16.50$
  • j
    For those who do not already know: The Alberta government says it's prepared to give billions of dollars to lure investors willing to build or expand petrochemical facilities in the province, part of what it says is a push to be a top global player in the field.

    In a news release introducing the new Alberta Petrochemicals Incentive Program, the government says it hopes to grow the sector by more than $30 billion by 2030 and compete with jurisdictions across Asia, the Middle East and the U.S. areas of the Gulf of Mexico.

    "On top of our existing petrochemical producers and all the companies that feed in and support them, we have a multi-generational supply of natural gas, an experienced workforce, and one of the lowest tax rates in North America," said Dale Nally, the associate minister of natural gas and electricity, in the news release.

    "By launching this program, Alberta moves towards achieving the goal of becoming one of the most attractive investment opportunities for petrochemicals in the world."

    The details
    The program would offer grants of up to 12 per cent of eligible capital costs for new projects in the province. That money will be offered only in the final stages of construction in order to ensure projects are already built.

    Alberta petrochemical project cost rises to $4.9B
    UPDATEDProvincial government envisions Alberta as major gas exporter, hydrogen energy hub
    The minimum investment required to be eligible is $50 million, with no upper limit, and the project must consume natural gas, natural gas liquids or petrochemical "intermediaries," and create new and permanent jobs in the province.

    The window for applications on projects between $50 million and $150 million will be open for five years, and 10 years for projects over that threshold.

    Hydrogen projects
    Hydrogen facilities will be eligible for the grants and there is no cap on the number of projects.

    "Alberta has the potential to become a major player in low-carbon hydrogen and sustainable plastics production, but we'll only get there if we have a competitive edge over other jurisdictions," said Doug Schweitzer, the minister of jobs, economy and innovation, in the news release.

    The government estimates it could create over 90,000 direct and indirect jobs and bring in $10 billion for the government if it hits the target of growing the sector by $30 billion.

    On Friday, the Globe and Mail reported that the province was in talks with a private firm from Saudi Arabia to build a $5-billion petrochemical facility in Alberta.

    Alberta's petrochemical sector stirs interest south of the border
    Why companies are looking to Alberta to produce plastic
    "From Day 1, we have said that we are going to seek out international investors to create jobs in Alberta. We are pleased to see that interest has been expressed by a number of global companies from different regions," said Jennifer Henshaw, a spokesperson for Nally, in response to questions about the Globe article.

    "We hope to have more to say in the months to come but cannot comment any further at this time due to confidentiality and commercial sensitivities
  • T
    If you are just buying in now WOW are you going to do well, not just on dividend but share price as well. Dust will settle and IPL can hit $10 real fast...The dividend for April is in the books, and if consideration for dividend change is being discussed, it will not happen overnight. Many longs here are still at 6-9% yield which is a big part of their retirement income. They would really need to be careful with the dividend so as not to force the longs out...I'm holding and buying more at anything under $10.
  • S
    I have 420 shares at 10.15 from back in April in a TFSA acc. I’m not sure if I should sell or not, I’m 21 and this is one of my bigger holdings (in terms of percentage in 1 stock). Should I hold through earnings? I am in no rush but unsure
  • J
    Jayde Jk
    For all of you who doubt IPL, just think why other companies want to buy it so much. You all know that IPL received an offer of $30 per share in 2019 from Hong Kong billionaire, but the management rejected because they believe in the company and the Hartland project. Then Brookfield came with the offer of $17.00 to $18.25 per share last September, but again the management rejected the offer because they believe in the company …so now Brookfield is trying a hostile takeover for $16.50 per share.

    So ask yourself why they want to buy IPL so badly... It's because they see great value... Pembina had a strategic partner and they stopped their project, but IPL never, they have continued during challenging times and without a strategic partner, this is what I call very brave and I don’t have any doubt in the management because the management knows the true value of IPL. Once Hartland is operational, we will see an easy $30+ so why settle for $16.50? If I don’t believe in the company, I would sell for $18.40 today and take my profit, but I won’t because there is a lot more upside for IPL, and in the coming months there will be more buyout offers.
  • j
    you guys realize that over 15 000 000 short shares will need to be covered???-How high do you think stock will lift after counter....24? 27??... Go look at cbb history when brookfield bought them last year....GITA...Not selling. great position!!! Collect dividend while negociations last and price rises... This will attract other sharks, other offers!!!!
  • J
    Be Strong. I am working on HPC project. IPL management is very strong and trying to finish the construction in June and start commissioning in August. good profit once it is starting its production.