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Pembina Pipeline Corp T.PPL.PR.O


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.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

Post by ace1mccoyon Nov 06, 2023 8:23am
456 Views
Post# 35718947

National Bank/ Stifel TP Raises- G&M

National Bank/ Stifel TP Raises- G&MNational Bank’s Patrick Kenny raised his Pembina Pipeline Corp. (PPL-T +0.78%increase
) target to $45 from $44 with a “sector perform” rating, while Stifel’s Cole Pereira raised his target to $53 from $51 with a “buy” rating. The average is $50.54.
 
“PPL reported a beat-and-raise 3Q23, with its 2023E adjusted EBITDA guidance moving 4 per cent higher on the back of increased contributions from its Pipeline segment and a strengthening marketing outlook,” said Mr. Pereira. “On its earnings call the company telegraphed that any potential pursuit of TMX would not occur until 2025 or later, which we expect should be a positive catalyst for its shares as we believe this had previously been an overhang. Our PPL estimates rise modestly, which sees our target price increase ... We continue to rate PPL a Buy and view this quarter as a good reminder of the ability for the company’s core Montney and Duvernay infrastructure network to organically compound growth in the current environment.”
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