Pembina Pipeline Corp T.PPL.PF.A

Christine Poole -BNN- TOP PICK

[Possibleidiot01]

TOP PICK

Pembina Pipeline Corp(PPL-T)

21/12/2023

 

Energy infrastructure. Well diversified across the different commodities of natural gas, crude oil, natural gas liquid. Well positioned. Likes latest purchase from ENB, little integration risk. Operating and cost synergies. 70% of contracts are take or pay, so reliable cashflow. Yield is 5.9%, and dividend will probably go up a bit each year.

Encouraged that stock price has just about recovered from the funding equity issue discount of 7%, meaning the market liked the transaction.

(Analysts’ price target is $50.53)

pipelines

 

$45.230

Owned

[mrbb]

imagine one could pickup PPL for 39's just back in July this year, and 2nd chance again in early Oct this year.

[malx1]

Once Cedar LNG approved, they had to raise capital or sell assets.     Capital raise here obvious.     Price was nice this round.     More to come