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 > CIBC Raises TP & Comments

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Post by ace1mccoy on Feb 27, 2023 9:41am

CIBC Raises TP & Comments

* CIBC’s Robert Catellier raised his target for Pembina Pipeline Corp. (

PPL-T

-0.16%

) to $53 from $52 with a “neutral” recommendation, while Scotia Capital’s Robert Hope bumped his target to $51 from $50 with a “sector outperform” rating. The average is $52.19.

“We have a favourable view of Pembina’s Q4/22 results as well as the sanctioning of a new $460-million Redwater frac (RFS IV),” said Mr. Hope. “Our longer-term estimates do not materially move. Pembina continues to be one of our favourite names, and in our view, is well positioned to benefit from continued volume growth in western Canada.”

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