transcanada pipelines (TRP) Message Board

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Gold/Mining/Energy : transcanada pipelines (TRP)

TRP 53.74

-0.7%

Dec 10 4:00 PM EST

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To: reg who wrote (241)	12/16/1999 1:33:00 AM
From: bill	Read Replies (2) of 292

Big sale of Australian assets. Over 100 million. Lotsa cash coming in. Didn't have to take a beating to make the sale. The concern over how their selling their assets will drive the value of the assets down to nothing is highly overdone. They're not selling junk. They did what a lotof companies do, go on the acquasition trail, sort of like some people with a credit card going xmas shopping, without enough thought about the future. Now they've got to sell off a swack of stuff that is a poor fit. However, the stuff is good quality and will bring decent prices. I'm annoyed about the dividend cut. However, I bought more at 12.10. I don't mind averaging down on TRP.

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