Bullboard - Stock Discussion Forum Pembina Pipeline Corp T.PPL.PF.B

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

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... see more

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TSX:PPL - Post Discussion

Pembina Pipeline Corp > No Need to be alarmed - RBC

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Post by Ariahp on May 05, 2022 5:13pm

No Need to be alarmed - RBC

10:01 AM EDT, 04/01/2022 (MT Newswires) -- RBC Capital Markets said Thursday that Pembina Pipeline Corp. (PPL.TO) investors should not be alarmed by Ruby Pipeline's filing for Chapter 11 bankruptcy protection.

Pembina owns a 50% convertible preferred interest in Ruby and RBC said the development has no material impact on its positive thesis for Pembina's shares.

Ruby has been a troubled asset for some time and it was not producing any cash flow for Pembina, RBC said. If anything, RBC was previously concerned that Pembina would inject equity into Ruby to try to protect it from bankruptcy protection.

RBC gave Pembina an outperform rating with a price target of $49.00

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