RE: Pembina Pipeline Outperform Rating - RBC $58 Target PriceThanks for the great update! But you gotta love RBC the use of their wording. Great optimism throughout the article but, towards the end they say.. " if we see a pick up in drilling activity ". If we see....if Lol. Anyhow...I'm looking forward to seeing PPL back to $50+ at least. Can't wait for their next earnings report.
Ariahp wrote: 12:20 PM EDT, 06/21/2022 (MT Newswires) -- RBC Capital Markets on Tuesday reiterated its outperform rating on the shares of Western Canadian oil and gas infrastructure and processing company Pembina Pipeline (PPL.TO) with C$58.00 price target.
"The company features a combination of visible growth from contracted projects already under construction, operational leverage from filling up spare capacity, a strong marketing outlook levering off of high commodity prices, recent contract "wins" in the B.C. Montney, and a capital allocation plan that features share buybacks and reduced leverage," the investment bank noted. "From a
funds flow perspective, if we see a pickup in WCSB drilling activity, we believe that Pembina will be the go-to name for both generalist and specialist investors alike."