Pembina Pipeline Corp T.PPL.PR.E

From Today's Globe and Mail

[hawk35]

JP Morgan’s Jeremy Tonet raised his Enbridge Inc. (ENB-T +0.56%increase, “overweight”) target to $62 from $61 and Pembina Pipeline Corp. (PPL-T +0.91%increase, “neutral”) to $53 from $51, while he cut his TC Energy Corp. (TRP-T -0.59%decrease, “neutral”) target by $1 to $73. The average targets on the Street are $59.95, $52.93 and $72.30, respectively.

[stockmarket1]

PPL is getting close to it's target listed below. So once that is reached, then what? What will keep the share price climbing? A divy increase? Enbridge has see their share price hit 52 week highs a few times now while PPL just recently hit it.

[Albatross]

I think we might be in for a period of optimize and maintain. If you're happy with holding for a decent stable monthly dividend keep it.  If your looking for growth then maybe look elsewhere. Their project pipeline got hammered with the pp plant mothball and lng plant being denied permits. I've been selling a bit of my ppl here and there. Buying up BIP because I like their strategy

[stockmarket1]

I, as well have a healthy gain in PPL since I bought it. However, my suspicion is that PPL may have reached its peak for them time being. #1).. WTI, today, hit $117--- up over $2 --- while PPL traded in the red. In fact, it was one of the very few energy stocks that was red today. #2) firms have a target price a bit higher than $51. We're not far from that. #3) I don't see much catalyst