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 ace1mccoyon Feb 25, 2022 10:18am

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Post# 34461270

Credit Suisse Maintained TP

Credit Suisse Maintains Pembina's Price Target, Rating

2022-02-25 10:09:27 AM ET (MT Newswires)

10:09 AM EST, 02/25/2022 (MT Newswires) -- Credit Suisse said Friday that it maintained Pembina Pipeline Corp. (PPL.TO) 's price target of $47.00 and neutral rating after the company released its fourth-quarter 2021 results.
Pembina reported an adjusted EBITDA of $970 million, beating Credit Suisse's estimate of $863 million and Street's forecast of $898 million.
Credit Suisse said risks to its target price include regulatory issues, volumes, interest rates and commodity pricing and dynamics impacting resource development.
Credit Suisse said Pembina's marketing segment was well beyond expectations but the pipelines segment was weaker than expected.
In general, the current environment is conducive to a marketing business and asset exposure. With the management question now addressed with the CEO appointment earlier in the week, many will be able to focus on the favorable fundamentals of the core business.
Given the long-cycle nature of its coverage universe, Credit Suisse said it does not place undue emphasis on short-term quarterly results.
Price: 42.32, Change: +0.48, Percent Change: +1.15