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

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Post by Ariahpon Aug 06, 2021 11:39am

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RBC - Outperform rating

Pembina Outperform Rating Reiterated at RBC Following Release of Second-Quarter Results

06 Aug 202111:06 ET

11:06 AM EDT, 08/06/2021 (MT Newswires) --

RBC Capital Markets, a unit of Royal Bank of Canada, on Friday reiterated its outperform rating on the shares of Pembina Pipeline (PPL.TO) with a C$42.00 target price after the oil and gas infrastructure and processing company reported second quarter earning in line with the investment bank's expectations and bumped its guidance higher.

"On an absolute basis, we view the quarterly release as neutral to our forecast, with the Q2/21 results being close to our estimates and the effective increase in guidance (by bumping up the low end of the range) supporting our EBITDA estimate that was already at the high end of the prior range. However, we note that other midstream stocks have come under near-term pressure after reporting relatively in-line quarters, and we believe that some investors may find the new guidance disappointing given that the high end of guidance is unchanged," RBC said in a not

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