reports
- Joe Gemino
Raising Pembina’s FVE; Stock Looks Fairly Valued
We are raising our fair value estimate for Pembina Pipeline to CAD 42 from our previous estimate of CAD 41, driven by the announcement of the Peace River Phase 6 and Alliance pipeline expansions. Because of movements in foreign exchange rates, we are maintaining our $33 U.S. fair value estimate. Despite the increase in our fair value estimate, the stock looks fairly valued. The market has appropriately recognized the company’s growth potential, limiting the stock’s upside. Future growth proj...
- Joe Gemino
Pembina offers an attractive dividend that is supported by existing an...
Narrow-moat Pembina Pipeline generated first-quarter adjusted EBITDA of CAD 688 million, a 92% year-over-year increase. Adjusted EBITDA came in below our expectations, driven by worse-than-expected results from the Veresen assets. Adjusted cash flow from operating activities for the quarter was also below our expectations, coming in at CAD 530 million, or up 72% from the year-ago period. More important, adjusted operating cash flow per share increased to CAD 1.05 from CAD 0.77, representing valu...
- Joe Gemino
Pembina Reports a Strong Quarter but Misses Our Expectations
Narrow-moat Pembina Pipeline generated first-quarter adjusted EBITDA of CAD 688 million, a 92% year-over-year increase. Adjusted EBITDA came in below our expectations, driven by worse-than-expected results from the Veresen assets. Adjusted cash flow from operating activities for the quarter was also below our expectations, coming in at CAD 530 million, or up 72% from the year-ago period. More important, adjusted operating cash flow per share increased to CAD 1.05 from CAD 0.77, representing valu...
Pembina Pipeline Corp (PPL) - Oil & Gas - Deals and Alliances Profile
Summary Pembina Pipeline Corp (Pembina) is an oil and gas company that provides oil and gas transportation and midstream services. The company owns and operates an integrated system of pipelines that transports hydrocarbon liquids such as conventional crude oil, heavy oil, synthetic crude oil, and oil sands products. It offers services such as oil and natural gas liquids logistics and transportation services, gas processing and assembling services, and terminalling and storage hub services. Pem...
- Mike Ruggirello
Investment Update | Review + Outlook
Pembina appeara to be just the right size to take full advantage of positive industry trends. As infrastructure catches up with growing oil & gas production in Western Canada, Pembina can complete and operate new assets that move the needle financially while remaining under the radar, as far as headline risk goes.
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