Inter Pipeline: Big Volume Spike And Shareholder Rights Plan Not Indicative Of An Imminent Takeover Bid
- Inter Pipeline shipped ~30% of Canadian crude oil supply and ~40% of total oil sands volumes in 2012.
- Inter Pipeline transports ~1 million b/d of petroleum products and processes 40% of natural gas exported from Alberta.
- On February 28th, the company experienced a huge increase in daily trading volume (57x average).
- That was followed up by the adoption of a shareholder's rights plan. Is the company in play?