Pembina Pipeline Corp T.PPL

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

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.

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Pembina Pipeline Corp > RBC Comments

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Post by ace1mccoyon Jun 09, 2022 8:51am

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Post# 34742960

RBC Comments

RBC Capital Markets Says Pembina Pipeline To Benefit From High Commodity Prices

2022-06-09 08:36:46 AM ET (MT Newswires)

08:36 AM EDT, 06/09/2022 (MT Newswires) -- RBC Capital Markets said Wednesday that Pembina Pipeline Corp. (PPL.TO) remains very well-positioned to capitalize on the high commodity price environment.
RBC cited Pembina's higher producer volumes, recontracting activity for its existing assets, and expansion projects underpinned by long-term, take-or-pay contracts to accommodate increased customer demand.
RBC made the assessment following a breakout session with CEO Scott Burrrows as management highlighted the "extremely positive" macro environment across oil, gas and natural gas liquids as well as the solid growth in volumes through its pipelines, processing facilities and terminals, along with recontracting activity on its assets.
RBC rated Pembina's shares outperform with a price target of $58.00.