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Pembina Pipeline Corp T.PPL

Alternate Symbol(s):  T.PPL.PR.E | PPLOF | PBNAF | T.PPL.PR.G | PMBPF | T.PPL.PR.I | T.PPL.PR.O | T.PPL.PR.Q | T.PPL.PR.S | T.PPL.PF.A | PPLAF | T.PPL.PF.B | PBA | T.PPL.PF.E | T.PPL.PR.A | PMMBF | T.PPL.PR.C

Energy Oil & Gas Midstream
Pembina Pipeline Corp (Pembina) is a Canada-based energy transportation and midstream service provider. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, storage and rail services in key market hubs in Canada and the United States for crude oil, condensate, natural gas liquids and natural gas. The Facilities segment includes infrastructure that provides Pembina's customers with natural gas, condensate and Natural gas liquid (NGL) services. The Marketing & New Ventures segment undertakes value-added commodity marketing activities, including buying and selling products and optimizing storage opportunities.


TSX:PPL - Post by User

Pembina Pipeline Corp
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Comment by Vega1357on Jan 09, 2020 10:46am
312 Views
Post# 30534397

RE:RE:Impressive move today

RE:RE:Impressive move today
Vega1357 wrote: The Globe and Mail attributed the jump in share price to this:

Pembina Pipeline Corp. (PPL-T) rose over 5 per cent after Kinder Morgan Inc. (KMI-N) announced it has sold all of its almost 25 million shares in the company it received in connection with Pembina’s acquisition of the outstanding common equity of Kinder Morgan Canada Ltd. (KML-T).

 

Kinder Morgan plans to use the after-tax US$764-million proceeds of the stock to pay down debt.
 

 


I don't understand how a party selling a block of shares is a positive for the share price?

 



Perhaps this is being viewed positively because the future sale of the shares no longer hangs over the share price as it has already happened ?
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