RE:BNN....MarketCall Top Picks
Ryan Bushell's comments
Pembina Pipeline (PPL TSX)
We continue to accumulate pipeline companies with six to eight per cent dividend yields. Pembina is in excellent shape with a strong balance sheet and gas volumes set to markedly increase in the back half of this decade due to the startup of LNG Canada next year. The overhang of a Transmountain purchase is overdone in our view. We believe in CEO Scott Burrows’ ability to make careful and accretive acquisition decisions given his track record.