Pembina Pipeline Corp T.PPL.PR.G

Primary Symbol: T.PPL Alternate Symbol(s): PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | T.PPL.PR.E | PPLAF | 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

Energy Oil & Gas Midstream

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.

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Comment by sumpinehon Jun 01, 2021 8:32am

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Post# 33301833

RE:BIG News

Beautiful Now let's have a bidding war

ace1mccoy wrote:

UPDATE 1-Canada's Pembina Pipeline to buy rival Inter Pipeline in C$8.3 bln deal

2021-06-01 08:19:24 AM ET (Reuters)

(Adds background, details on deal)
June 1 (Reuters) - Canada's Pembina Pipeline Corp said on Tuesday it would buy rival Inter Pipeline Ltd in an all-stock deal, valuing it at about C$8.3 billion to create one of Canada's top energy infrastructure companies.
The deal comes nearly four months after Inter Pipeline launched a strategic review as it fended off a C$7.1 billion hostile takeover from investment firm Brookfield Infrastructure Partners.
Pembina's offer of C$19.45 per share represents a 10.8% premium to Inter Pipeline's Monday close.
The companies said they expect near-term cost savings due to the deal of C$150 to C$200 million annually. (Reporting by Arathy S Nair in Bengaluru; Editing by Vinay Dwivedi)