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Pembina Pipeline Corp T.PPL

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

Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, and storage 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, commodity arbitrage, and optimizing storage opportunities.


TSX:PPL - Post by User

Comment by YoungH1isbackon Jan 19, 2021 7:00pm
629 Views
Post# 32330092

RE:RE:is dividend sustainable?

RE:RE:is dividend sustainable?The dividend is safe and your article does a good job illustrating that. The last earnings call also illustrated that. The discussion on the earning calls was more around how to utilize cash flow for capex vs dividend increases. PPL is still trading at a discount even after its current rise over the last two weeks. The tax loss selling (due to PPL trading well below pre-pandemic levels) at the end of 2020 brought the share price down to an irrational level (in my opinion) and it was ripe for the picking to start 2021. I loaded up on shares in the $30-$31 range as I felt it was poised for a lot of growth in 2021. The most recent price targets are around $40-$42 CAD. It's still a buy at these levels.
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