Pembina Pipeline Corp T.PPL.PR.G

Christine Poole -BNN- TOP PICK

[Possibleidiot01]

TOP PICK

Pembina Pipeline Corp(PPL-T)

15/07/2024

 

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.