Pembina an Excellent Steward of Assets: Newhaven's Ryan Bushell

The transcript discusses the valuation and implications of a deal involving Pembina and Inter Pipeline, highlighting the surprise at the deal and the integration challenges Pembina faces. It speculates on whether Brookfield will counter with a higher bid and examines potential competition concerns. The discussion also provides historical context and future prospects for the energy market in Western Canada.

What was the initial valuation of the shares in the deal between Inter Pipeline and Pembina?

• $16.00

• $20.50

• $17.50

• $19.00

Why might Brookfield Infrastructure consider making a higher bid?

• They want to diversify their portfolio.

• They have a large market share in Western Canada.

• They are a private equity player looking for a good price.

• They have a strong integration plan.

What is a potential concern regarding the merger of Inter Pipeline and Pembina?

• Increased competition in the market.

• Overlap in gas processing infrastructure.

• Lack of complementary assets.

• Decreased enterprise value.

How has the Heartland petrochemical project impacted Inter Pipeline's fortunes?

• It was seen as a short-term loss.

• It led to a decrease in stock value.

• It had no significant impact.

• It changed the company's fortunes positively.

What was the stock price of Inter Pipeline in 2014?

• $50

• $12

• $20

• $36

What is the expected outcome for shareholders from the merger?

• Increased competition

• Reduced cash flow

• Decreased market share

• More cash flow and stability

What was the unsolicited bid for Inter Pipeline in 2019?

• $8 billion

• $10 billion

• $12 billion

• $15 billion