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

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Post by Possibleidiot01on Jul 15, 2024 2:57pm

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Post# 36133438

Christine Poole -BNN- TOP PICK

TOP PICK

Likes it as a core income name. Uniquely placed in Western Canada to benefit from rising nat gas production. Guided to 4-6% EBITDA growth through 2026. Self-funding, with backlog and projects in place to support growth. Implies dividend can also grow in mid-single digit range. Yield is 5.35%, track record of increasing dividend.

Will benefit from increased LNG export facility takeaway capacity. Declining interest rates will be a tailwind for the sector.

(Analysts’ price target is $55.33)

pipelines

N/A

Owned

Pembina Pipeline (PPL TSX)

Pembina is a leading North American energy infrastructure company providing energy transportation and midstream services. Its business is diversified across the energy complex with close to 70 per cent of its cash flow under contracted under long-term, take-or-pay or cost-of-service agreements. Pembina offers an attractive dividend yield of 5.4 per cent.

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