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Pembina Pipeline Corp T.PPL

Alternate Symbol(s):  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 | PBNAF | T.PPL.PR.E | PPLOF

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

Post by SargeXon Jul 26, 2021 12:52pm
350 Views
Post# 33604763

my comments

my commentsHere's my post from the IPL board. Totally agree with a number of posters here that think this is great news.

Ciao
  Sarge


We did a similar thing selling all our IPL between $19.10-20.25 (after holding for 11 years so made some decent dough, mostly on divys) and just spread the cash around to some of our existing holdings. We already had a full position of PPL before that so didn't add to it.

I was definitely pleased as punch to see the news this morning. It's the outcome I was hoping for as I didn't really like PPL taking on all the IPL debt and I figured there'd be some additional drama to come. I also love PPL getting the break fee. 

Now I'm really just a spectator but am very interested to see how things pan out. In the end, I still think Bayle is a total toolkit and that the board scr*wed the IPL shareholders big time starting with doing Heartland without a partner.
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