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

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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Pembina Pipeline Corp > Pembina don't be an idiot....

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Comment by Saphoon Jul 16, 2021 6:41pm

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RE:RE:RE:Pembina don't be an idiot....

SargeX wrote: Just saw the press releasse saying PPL is NOT going to up the bid. Excellent news!!

One thing I did find a little odd is that PPL shareholders are supposed to vote on the deal. I don't think I've ever seen a case where the shareholders of the company doing the take-over actually vote on it. Have other people seen this before??

Ciao
Sarge

SargeX wrote: Totally agree that I would be disappointed if PPL ups the bid. I've always thought that the PPL management was top-shelf so I suspect they will just leave things alone untilt the July 29th vote and see how it plays out.

I suspect that if the IPL shareholders vote it down and PPL lets the bid die, the PPL share price will have a quick buck or two bounce,

Ciao
Sarge

poopoopoo wrote: Being a Pembina shareholder I was kinda upset that they bid for Interpipeline. There is still a lot of execution risk in their project and it is fully valued in my opinion. If they would never have made the bid the stock would likely be in the $44 to $49 range by now instead of $39.

Now I pray that they do not up their bid. Let Brookfield take Interpipeline if it is able to and take the break up fee. Brookfield will cut up the business so their will be pieces to buy at a discount down the road.

Overpaying for something is the worst way to treat shareholders so I hope they do not do this.