- 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.
For further details see:
Inter Pipeline: Yet Another Questionable Decision