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Pembina Pipeline Corp T.PPL

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

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

Comment by TheBridgeon Jul 29, 2023 1:10am
226 Views
Post# 35562949

RE:RE:RE:RE:Music

RE:RE:RE:RE:MusicI don't think that it will drop below $40 but I have been wrong on many other occasions. To me, the fact that  the US inflation is cooling down and continued rate hikes in the US and Canada appear to be near an end makes me hopeful that both economics are reasonably solid. The price of crude is currently around $80 which is very supportive of the energy sector. That is also a positive for the pipelines. I personally feel that PPL is actually going to climb into that elusive $50 range sometime this fall. My costs are below $40 but if it drops below $40 I will try to add, unless there are some bad factors that affects the pipelines. As you, I also preferred the monthly distributions as it provided me with the funds monthly to take advantage of other stock opportunties as they came around. Best wishes with this investment!

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