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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

Comment by hawk35on Mar 04, 2022 6:00pm
412 Views
Post# 34485326

RE:RE:Much Happier Seeing These Purchases Than Share Buybacks

RE:RE:Much Happier Seeing These Purchases Than Share Buybacks
Personally I'm not against stock buy backs when they are balanced and moderate. 

Reason is when a company does a private placement to fund an acquisition, they are paying 6% forever unless they have a buy back program.  And we know that PPL has some big expansion plans coming up that will cost billions.  It is likely they will turn the DRIP back on provide ongoing financing.  So any stock buybacks create room to do the DRIP or a private placement in the future while moderating the dilution to shareholders. 

For me the key is a balanced approach.  Funding maintenance, capital projects, paying down debt and being purdent with the number of shares outstanding is a winning combination.
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