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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 stockmarket1on May 30, 2022 10:06pm
336 Views
Post# 34718791

RE:RE:RE:From Today's Globe and Mail

RE:RE:RE:From Today's Globe and MailI, as well have a healthy gain in PPL since I bought it. However, my suspicion is that PPL may have reached its peak for them time being. #1).. WTI, today, hit $117--- up over $2 --- while PPL traded in the red. In fact, it was one of the very few energy stocks that was red today. #2) firms have a target price a bit higher than $51. We're not far from that. #3) I don't see much catalyst propelling this higher right now. With all that being said. For me and me only. I think its time to unload a good amount shares and move into growth oriented stocks. I'll still keep a little bit just for the dividend. But not as much. Time to reallocate some.
Albatross wrote: I think we might be in for a period of optimize and maintain. If you're happy with holding for a decent stable monthly dividend keep it.  If your looking for growth then maybe look elsewhere. Their project pipeline got hammered with the pp plant mothball and lng plant being denied permits. I've been selling a bit of my ppl here and there. Buying up BIP because I like their strategy although it is riskier. Don't get me wrong I like ppl and they have been financially prudent. And Alberta oil and gas producers may start producing more in the near future so their is some growth to be had there. 


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