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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 TheBridgeon Jun 04, 2021 6:10pm
669 Views
Post# 33334745

In Anticipation

In AnticipationWell, I'm pleased that IPL will become part of PPl as I just couldn't bear seeing Brookfield take it over. I had at one time considered adding PPL to my porfolio but just never got around to doing so. I did however consider that PPL was the best bet as a partner for IPL when PPL cancelled their petro chemical plant idea in Dec. of 2020. So, I sold almost all of my IPL this morning at $20.35 and left a just 1000 shares to be converted when the time comes. I turned around and used the proceeds to acquire PPL at $38.00. I'm positive that IPL will bring a lot to PPL as the two are combined into a much larger and efficent  business. I was so anticipating the completion and commissioning of the Heartland Complex and watching the revenue growth starting in 2022 but I'll now watch it give that substantial boost to the PPL shares. This turned out to be the cheapest way to acquire a new polyproplene plant that PPl had considered building themselves and now there's no one in Canada to compete in the plastic pellet market and 60% of the product already has committed buyers. Let the growth start!
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