Energy: Brookfield Makes a Deal + The Biggest Energy IPO of 2019
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 11 July 2019
⏱️ 25 minutes
🧾️ Download transcript
Summary
On this week’s episode, we’ve got another deal to break down, with Brookfield Infrastructure Partners announcing a plan to take Genesee and Wyoming Railroad private. Motley Fool Contributor Matt Dilallo joins the show to discuss what this latest transaction means for Brookfield and break down Rattler Midstream’s recent IPO, the largest energy IPO of 2019 so far and the first MLP to go public since 2017.
Stocks Mentioned: BIP, BAM, RTLR, FANG
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Transcript
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| 0:00.0 | This episode of Industry Focus is supported by NetSuit, |
| 0:02.7 | the business management software that handles every aspect of your business |
| 0:05.6 | in an easy-to-use cloud platform. |
| 0:07.8 | Download their free guide, seven key strategies |
| 0:09.8 | to gur your profits today at NetSu Suite.com slash Fool. |
| 0:13.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:20.0 | Today is Thursday, July 11th, and we're breaking down Brookfield Infrastructure's acquisition of the Genesee and Wyoming Railroad, and we're diving into the biggest energy IPO of 2019 so far. |
| 0:28.7 | I'm your host Nick Saipoll, and today I'm joined by Molly Fool contributor Matt Delalo via Skype. |
| 0:32.1 | How's it going Matt? |
| 0:33.0 | Going pretty well. How you doing? |
| 0:35.0 | I'm doing all right. We were just chatting before the show. |
| 0:37.0 | You just moved into a new house. How is life been treating you these couple weeks? |
| 0:41.0 | I know it's probably pretty stressful. I'm unpacking a lot of boxes what's life been like for you? |
| 0:44.3 | Oh yeah it's been incredibly busy boxes everywhere I think we moved boxes you know like two or three times just to get to another box that we want. So it's been stressful. I'm exhausted, but you know, it's nice to be in a new place. |
| 0:57.0 | Hey, exactly, exactly. It's the whole process. Once you get there and actually get the stuff physically there, it's all downhill. You know, we'll see how long |
| 1:03.9 | it takes to get those last boxes unpacked. But we got a good show today. First story I |
| 1:08.4 | want to talk about is earlier this month, Brookfield Infrastructure Partners announced that it's going to participate in a transaction to take Regional Railroad operator, Genesee in Wyoming Private. |
| 1:19.0 | They're partnering with GIC, that's Singapore's Sovereign Wealth Fund, |
| 1:22.5 | as well as an institutional investor, |
| 1:24.8 | partners of Brookfield Asset Management, |
| 1:27.0 | buying the railroad for $112 a share in cash, |
| 1:30.1 | almost a 40% premium. |
... |
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