Pembina Pipeline Corp T.PPL

Alternate Symbol(s): PMBPF | PBA | T.PPL.P.I | T.PPL.P.O | T.PPL.P.Q | T.PPL.P.S | PBNAF | PPLAF | T.PPL.P.A | T.PPL.P.B | T.PPL.P.C | T.PPL.P.E | PPLOF | PMMBF | T.PPL.P.G

Energy Oil & Gas Midstream

Pembina Pipeline Corp (Pembina) is a Canada-based energy transportation and midstream service provider. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, storage and rail services 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 and optimizing storage opportunities.

TSX:PPL - Post by User

Pembina Pipeline Corp

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Post by Possibleidiot01on Apr 25, 2024 3:11pm

186 Views

Post# 36007781

Robert Gill -BNN - Buy

BUY

Transports oil and gas. Very strong financials, good management making very good investment decisions. Should continue to do well and increase dividend over upcoming quarters. Should continue to benefit from higher oil prices. Buy here, good long-term hold. 16x PE. Yield is 5.7%.

Prefers it to ENB, which has considerably more debt. TRP is more attractively priced, as it's had to move through some issues.

pipelines

$48.740

Unknown if he owns

COMMENT

Pipelines.

Overall, view on pipelines fairly bullish. Shipping energy off is to capture a higher price, a good idea. Does have favourites in the space, the order shifts over time based on fundamentals. He doesn't get attached. The business looks very positive going forward.

Favourite right now is TRP, as it's the most contrarian of the TRP, ENB, and PPL. PPL is great, but trades at a higher multiple. ENB has considerably more debt, a concern especially with higher interest rates.

Unknown

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