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

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Post by Possibleidiot01on Feb 08, 2024 2:58pm

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Post# 35870690

Greg Newman - BNN - BUY

Not my favourite stock because my situation mirrors his following comment.

Stock's in the red after 3 years.(A Commentary)

08/02/2024

Stock's in the red after 3 years.

What do you do with a stock that doesn't work as soon as you buy it? If you buy it right and as part of a balanced portfolio, and it doesn't work in 3 years, it's not the end of the world. As long as you're getting your dividend, it hasn't fallen drastically, and you see a path to returning to where you bought it, keep holding.

That should work with a name like ENB. Don't add right now, but don't have to sell either. A name like this can give you defensive qualities if markets go bust, as ENB probably won't do down that much from here.

To get a good return in a portfolio, you don't have to win on every position at all times.

BUY

Recent beat, raised guidance. He models 5% EPS growth, 4% dividend growth, 15x 2025, not bad PEG. 59% payout ratio, so dividend is going to get paid. Balance sheet more leveraged than peers like ENB or TRP. Sets up well for a 7-year hold.

pipelines

N/A