Pembina Pipeline Corp T.PPL.PR.E

RBC Comments

[ace1mccoy]

RBC Capital Markets Says Pembina Pipeline To Benefit From High Commodity Prices 2022-06-09 08:36:46 AM ET (MT Newswires)

 

08:36 AM EDT, 06/09/2022 (MT Newswires) -- RBC Capital Markets said Wednesday that Pembina Pipeline Corp. (PPL.TO) remains very well-positioned to capitalize on the high commodity price environment. RBC cited Pembina's higher producer volumes, recontracting activity for its existing assets, and expansion projects underpinned by long-term, take-or-pay contracts to accommodate increased customer demand. RBC made the assessment following a breakout session with CEO Scott Burrrows as management highlighted the "extremely positive" macro environment across oil, gas and natural gas liquids as well as the solid growth in volumes through its pipelines, processing facilities and terminals, along with recontracting activity on its assets. RBC rated Pembina's shares outperform with a price target of $58.00.

[hawk35]

Here are RBC's full comments. June 8, 2022 Pembina Pipeline Corporation   Highlights from the RBC Global Energy, Power and Infrastructure Conference   Our view: We hosted a breakout session with Scott Burrrows (CEO) and in our view, the greatest takeaway from the session is that the business remains very well-positioned to capitalize on the high commodity price environment, both