02:30:04 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Pembina Pipeline Corp
Symbol PPL
Shares Issued 550,384,178
Close 2023-05-26 C$ 41.91
Market Cap C$ 23,066,600,900
Recent Sedar Documents

Globe says Pembina Pipeline boosted to "outperform"

2023-05-26 08:19 ET - In the News

The Globe and Mail reports in its Friday, May 26, edition that Credit Suisse analyst Andrew Kuske has boosted his recommendation for Pembina Pipeline to "outperform" from "neutral." The Globe's David Leeder writes in the Eye On Equities column that Mr. Kuske is sticking with his $53 share target for Pembina. Analysts on average target the shares at $52. Mr. Kuske says Pembina is "poised for potential performance." Mr. Kuske says in a note: "Our positive view on Western Canada's regional energy infrastructure is, in part, underpinned by volume growth potential and somewhat advantaged margins. Such a favourable backdrop is contrasted by Pembina Pipeline Corporation's (PPL) stock performance that for Q2 to date underperformed the Canadian energy infrastructure group by nearly 900bps. ... PPL's Western Canadian asset footprint is broad-based with significant capability. Unlike some other investment alternatives, PPL is embarking on several capex initiatives that are manageable, but do create a slightly different risk profile. That expansion effort will help PPL remain at the epicenter of much of Western Canada's regional energy infrastructure sector for the foreseeable future, in our view."

© 2024 Canjex Publishing Ltd. All rights reserved.