Pembina Pipeline Corp PPLAF

Ryan Bushell - BNN - BUY

[Possibleidiot01]

BUY

Pembina Pipeline Corp(PPL-T)

06/10/2023

 

One of the best deals in the stock market right now. Excellent assets with strong management team. Attractive dividend yield. Rising interest rates putting pressure on stock. Likely purchaser of Trans Mountain pipeline. Egress increasing in Canada a good situation for company. Stronger balance sheet than peers in industry. Very disciplined company.  

pipelines

 

$39.680

Owned

[Albatross]

"Likely purchaser of transmountain??" That makes it a sell if they pay anything close to what it cost to build...

[stockmarket1]

That's been floating in the wind for a bit of time about TMP.  My cost is lower than it currently is and I've already reduced more than half of my position in this. I've got a nice gain already and I'm not chancing more downside here and risk going below my inital cost because If they do purchase T.M.P.....imo, there's gonna be a lot more downside to the share price.

[mrbb]

well, it's come down to how much PPL would pays for a piece of TMP.  Since there is very little interest from other operators, PPL should have the bargaining advantage. I'm indifference on TMP, it'' depend on the price paid.  Upate on TMP Analysis-Canada may struggle to recoup $26 billion cost of Trans Mountain pipeline (msn.com)

[Albatross]

Yup, I'll take it for a loonie 

[mrbb]

that would be nice since PPL is in partnership with the WIPG.  A good deal for the WIPG is a good deal for PPL, plus PPL will likely be the operator of the TMP, and the WIPG would learn the rope of pipeline operation from PPL, a selling point to the WIPG and the government.  "Indigenous-led group Project Reconciliation and Chinook Pathways, a partnership between Pembina Pipeline