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IPPLF - Inter Pipeline: Yet Another Questionable Decision
Inter Pipeline Ltd Ltd Partnership Unit Cl A
Inter Pipeline announced it was selling a majority of its Euro-storage business for $715 million.
Yet, the transaction doesn't appear to be anything to crow about and the market response was less than enthusiastic.
What the market wants is for the company to find a partner to take a meaningful stake in the HPC multi-year, multi-billion project that was the start of its troubles.
Avoid the shares. Unfortunately, the world-class oil sands pipeline assets come along with HPC, which has pretty much been a debacle for investors.