Bullboard - Stock Discussion Forum 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... see more

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TSX:PPL - Post Discussion

Pembina Pipeline Corp > From the G&M this morning

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Post by savyinvestor333 on Jul 15, 2021 8:34am

From the G&M this morning

Brookfield Infrastructure Partners

BIP-N

-0.43%

raised its hostile offer for Inter Pipeline Ltd

IPL-T

-0.64%

for a second time to about $8.58-billion as it battles a rival bid from Pembina Pipeline Corp

PPL-T

-1.92%

Pembina has made an all-stock bid of about $8.3-billion, while Brookfield had offered $8.48-billion, with an all-cash option.

Brookfield said on Thursday shareholders can now elect to receive either $20.00 per share in cash or 0.25 of a Brookfield share for each Inter share. It had previously offered about $19.50 in all-cash per Inter share, or 0.225 of Brookfield’s Class A share.

The Canadian pipeline operator had recommended that shareholders vote for the offer from Pembina.

The bidding war for Inter’s oil and gas pipelines, mainly in Western Canada, as well as storage facilities and processing plants, comes as North American oil futures have climbed to more that $70 per barrel fuelled by a recovery in travel demand from the early pandemic hit.

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