Q: What do you think of BIP's offer for IPL?
I note that the stock price of BIP is down about 20% since Dec 24. I also think that investors may be in part selling now to shy away from the fossil fuel industry. Yet the pipeline industry seems less impacted by the price of oil and the regulations barring new pipelines. Wouldn't this make the existing pipes more valuable.
So, does all this imply that this downdraft is a good buying opportunity for bip (which I already own a lot of)?
I note that the stock price of BIP is down about 20% since Dec 24. I also think that investors may be in part selling now to shy away from the fossil fuel industry. Yet the pipeline industry seems less impacted by the price of oil and the regulations barring new pipelines. Wouldn't this make the existing pipes more valuable.
So, does all this imply that this downdraft is a good buying opportunity for bip (which I already own a lot of)?