Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Pembina Pipeline Corp T.PPL.PR.G


Primary Symbol: T.PPL Alternate Symbol(s):  PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | T.PPL.PR.E | PPLAF | 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 Aug 07, 2021 11:16am
749 Views
Post# 33668263

Stymied

StymiedJust sharing some of my own thoughts. So Brookfield didn't get the minimum 55% of the share support needed to take IPL over, apparently enough shareholders didn't think the offer reflected a fair takeover price. IPL just reported 133% increase in results quarter over the same quarter last year and they reported another delay of the Heartland Complex along with another cost overrun. Building another polypetrochemical plant now would be financially and competitively almost impossible. PPL quarter results were disappointing as they only matched the same quarter results of last year. As a PPL shareholder, I was disappointed in PPL giving up on IPL as the short term prospects looked good but the long term prospects were excellent as PPL indicated with their proposed dividend increases. And I do understand that other PPL shareholders hold an opinion different than my own.  If Brookfield succeeds in the IPL takeover the Heartland Complex should now bring in a King's ransom particularly since it will be the only polypetrochemical plant in Canada with substantial committed customers. Have I covered most of the affairs here?.....likely not, but I'm certain others will offer more opinions here as this episode of the drama has yet to come to conclusion.
<< Previous
Bullboard Posts
Next >>