Pembina Pipeline Corp T.PPL

Pembina Pipeline Outperform Rating - RBC $58 Target Price

[Ariahp]

12:20 PM EDT, 06/21/2022 (MT Newswires) -- RBC Capital Markets on Tuesday reiterated its outperform rating on the shares of Western Canadian oil and gas infrastructure and processing company Pembina Pipeline (PPL.TO) with C$58.00 price target.

"The company features a combination of visible growth from contracted projects already under construction, operational leverage from filling up spare capacity, a strong marketing outlook levering off of high commodity prices, recent contract "wins" in the B.C. Montney, and a capital allocation plan that features share buybacks and reduced leverage," the investment bank noted. "From a

funds flow perspective, if we see a pickup in WCSB drilling activity, we believe that Pembina will be the go-to name for both generalist and specialist investors alike."

[stockmarket1]

Thanks for the great update! But you gotta love RBC the use of their wording. Great optimism throughout the article but, towards the end they say.. " if we see a pick up in drilling activity ". If we see....if Lol. Anyhow...I'm looking forward to seeing PPL back to $50+ at least. Can't wait for their next earnings report.

[corvette67]

Apperently the kiss of death. What is going on with this?

[stockmarket1]

Party is over by the looks of it. 52 weeks wont be seen for a long time now. We got sucked in with all of the hype.  Commodity prices are still sky high while shares in this sector are all tanking. WTF??

[King-of-Kings]

You're trying to sound like you know what you're talking about, then you're curious WTF is going on? Which one?

[stockmarket1]

You might want to re-read what I wrote and understand it too. Obviously, you didn't So, you tell us why commodity prices are sky high --- nothing has changed drastically in the past month, or so. WTI, Brent still over $100. So why are shares sliding aggressively?  We all know about interest rates , recession etc. We've known that for weeks & months now. So,maybe you can expain it.

[Maxmoe]

Lots of things swirling around the bowl. Commodity prices probably have the least impact on a pipeline company yet trp,enb,ppl lol are down. But they are down WAY less than a producer. More like the decline in BCE. Yes, it's about raising rates. Not the 10 year bond at 3 or 3.5% who cares. But how high will it go? Unknown is the problem. Pipe and utes will be weak until there is some sniff of

[Maxmoe]

So if you bought any of the pipes and utes for safety and some long term dividend growth, what's your problem? It's working. Safety doesn't mean it never goes down, but if the broad markets are going down it means the sector won't be like Netflix, Spotify and amazon.

[stockmarket1]

Reasonable replies. Thx Max. I never looked at it in that respectin your first reply. Cheers

[stockmarket1]

Forget my last comment. Wish we had a edit option on here. What I meant to say was...I never looked at it in that way. Cheers

[mrbb]

i'm too surprised the fast drop of PPL at level similar to big oil. Only possible reason is margin call.  Most energy stock have corrected 35% to 50% off their peak, similar degree to big name tech.  IMO