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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

Post by poopoopooon Jun 02, 2021 2:31pm
604 Views
Post# 33312014

breakup fee potential

breakup fee potentialMy cost on my Pembina is $24 so I guess I am an idiot who likes making money. lol.
I was hoping to get out at $44 but with this competing bid and Brookfield trying to bid them up those goals are now likley gone.
People here must be very naive to assume that the Heartland project will get built and runnning when they say it will as I have seen many projects get built only to find out the welds were inferior or something else and then costs and debt go up substantially. If you are blind to this risk then good for you. One only needs to look at the nearbye Northwest refinery that was supposed to be completed in 2016 and was then delayed to 2019 along with a massive additional debt of billions in dollars.
Brookfiled is trying to buy Interpipeline as cheap as possible but I do not suspect they will go much higher due to the risks.
Pembina would be wise to stand firm and not raise their bid or they will end up like Altagas who overpaid for an asset only to see their share price collapse as they then endured years of assets sales and high debt to manage.
Whenever there are takevovers or mergers you want to own the company being aquired not the acquirer who ends up with all the debt and the sleepless nights of a project that you pray will get completed on time, wiothout many more cost overuns, and a smooth startup witout finding engineering errors that can be a nighmare.
I am hoping that Pembina stands firm and if that happens may hold as the potential for a breakup fee payout would be gravy.
If I find them falling for Brookfields ploy and raising their price then yah I am taking profits and will revist a year or so from now once see the Heartland is actually up and running.
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