Pembina Pipeline Corp PMMBF

Primary Symbol: 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 | 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 > Enough Is Enough

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Comment by SargeXon Sep 05, 2023 1:35pm

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Post# 35620194

RE:RE:RE:Enough Is Enough

Hey Dean

You've certainly made the correct call on all these "swallowing" big & sometimes UGLY fish scenarios. PPL had been my favourite midstream for quite a while but this TMX overhang has bumped it below KEY (now that KAPS is completed, divy has been raised, and they keep showing how prudent they are).

At this point, we're only planning on trimming half. Tricky part would be where to put all that cash.

Hopefully the PPL management aren;t that dumb to get involved in TMX as it is such a total disaster.

I got quite a laugh out of seeing Trudope saying last week that the gov't TMX investment is still "solid". Most of the idiotic Canadian voters probably believe him. :-(

Take her easy
Sareg

DeanEdmonton wrote: Sarge- I agree completely. I have a large holding in PPL. If they move to buy TMX I will own zero shares the next day, just like I did when AQN announced Kentucky Belch, Rogers announced Shaw, TD announced First Horizon, Rogers Sugar announced the Maple purchase, Parkland kept buying up non-accretive assets and adding debt like a drunken sailor- or like Trudeau and his court of idiots, and Alta Gas announced. The only major recent acquisitions I like is RBC and HSBC. I bought more RBC. Any business has trouble integrating large acquisions, it usally takes a couplek of years. Good time to be in something else till it settles out.
SargeX wrote: I don't think the PPL share price is going to go up much until the big black cloud called TMX take-over is cleared up. PPL has been my favourire midstreamer for yonks but I'm a tad worried they might be stupid enough to buy TMX. If they do, I will immediately sell half of our full position.

I'm a slow learner but have finally caught on to this purchasing something that is a big, bad asset. It took 3 previous disasters with ALA buying WGL, IPL doing Heartland on their own, and AQN trying to buy KPC.

As my Dad used to say on learning a lesson: "Better late than never". :-)

TheBridge wrote: How much longer are we going to lie in the ditich before we get picked up and set onto the road to $50? Hopefully September gets us rolling in the right direction. But it has certainly provided an opportunity to add some more shares at bargain prices while we've continued to collect a nice dividend.