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Bullboard - Stock Discussion Forum Pembina Pipeline Corp T.PPL.PR.C


Primary Symbol: T.PPL Alternate Symbol(s):  PBA | PBNAF | T.PPL.PR.A | 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

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

TSX:PPL - Post Discussion

View:
Post by Dibah420 on Feb 27, 2024 5:10pm

RBC

RBC Capital Markets Says Pembina Poised To Carry Strong Momentum Into 2024
MT Newswires - Feb 26, 2024 10:46 AM EST

10:46 AM EST, 02/26/2024 (MT Newswires) -- RBC Capital Markets said over the weekend that Pembina Pipeline Corp. (PPL.TO) is well-positioned to carry its strong momentum from 2023 into 2024.

RBC cited the multiple business developments that the company announced as part of its quarterly release, which demonstrated its ability to leverage its extensive integrated midstream footprint to drive growth.

"We believe Pembina's longstanding financial guardrails, and especially the company's historical actions, should provide the market with confidence as Pembina pursues future growth initiatives," RBC said.

RBC gave Pembina an outperform rating with a $58.00 price target.

Meanwhile, Pembina's adjusted EBITDA of $1.03 billion in the fourth quarter of 2023 aligned with National Bank of Canada's forecast and the Street estimate of $1.01 billion.

The result reflects strong contributions from the pipelines and facilities segments, the bank said.

The bank gave Pembina a sector perform rating with a $50.00 price target.

Price: 46.76, Change: -0.08, Percent Change: -0.18

 
Comment by stockmarket1 on Feb 28, 2024 10:42pm
$58! That has to be the highest price I've read for ppl. That would be welcomed.