ngpl, page-3

Yes in hindsight they would not have bought anything but I was pointing out the price paid wasn't too bad at all. 10.7x EBITDA is a nice buy for gas assets in the USA. I just cannot see impairment there. I'd like to know which of BBI's assets have been impaired? Could anyone enlighten me?

I'll tell you guys something else. One esteemed equities analyst told BBI 18 months ago that they had a "lazy" balance sheet and should be borrowing more to grow the portfolio. The same analyst has recently criticized BBI management for having too much debt. Go figure that.