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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 SargeXon Jul 26, 2021 12:52pm
416 Views
Post# 33604763

my comments

my commentsHere's my post from the IPL board. Totally agree with a number of posters here that think this is great news.

Ciao
  Sarge


We did a similar thing selling all our IPL between $19.10-20.25 (after holding for 11 years so made some decent dough, mostly on divys) and just spread the cash around to some of our existing holdings. We already had a full position of PPL before that so didn't add to it.

I was definitely pleased as punch to see the news this morning. It's the outcome I was hoping for as I didn't really like PPL taking on all the IPL debt and I figured there'd be some additional drama to come. I also love PPL getting the break fee. 

Now I'm really just a spectator but am very interested to see how things pan out. In the end, I still think Bayle is a total toolkit and that the board scr*wed the IPL shareholders big time starting with doing Heartland without a partner.
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