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

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 > Christine Poole -BNN- TOP PICK

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Post by Possibleidiot01on Dec 21, 2023 9:38pm

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Post# 35796974

Christine Poole -BNN- TOP PICK

TOP PICK

Energy infrastructure. Well diversified across the different commodities of natural gas, crude oil, natural gas liquid. Well positioned. Likes latest purchase from ENB, little integration risk. Operating and cost synergies. 70% of contracts are take or pay, so reliable cashflow. Yield is 5.9%, and dividend will probably go up a bit each year.

Encouraged that stock price has just about recovered from the funding equity issue discount of 7%, meaning the market liked the transaction.

(Analysts’ price target is $50.53)

pipelines

$45.230