Penbina PPL looks real solid

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1 year 5 months ago #124867 by Hoss
Hoss replied the topic: Penbina PPL looks real solid
I bought a good position around 16. What a bargain and still is. Great bottom pick by struthers
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1 year 5 months ago #124863 by DearJohn
DearJohn replied the topic: Penbina PPL looks real solid
Yup i am onboard. 20% gaim first day and 15% dividend is 35% in one day. I like that

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1 year 5 months ago #124862 by alexgreat
alexgreat replied the topic: Penbina PPL looks real solid
I got in under 16. The way i see it. People will keep driving, planes will fly, oil and gas will heat homes and oil&gas will flow through pembina pipelines

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1 year 5 months ago #124860 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
Ya i jumped in to when i looked at the charts in Rons report. What a deal and a quick profit already

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1 year 5 months ago #124859 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Bought more this morning. Great call by RonS. Hard to believe that plunge
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1 year 6 months ago #124793 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
wow pipelines being hit hard, throwing out the baby with the bath water again

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1 year 8 months ago #124259 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
Yes, and still hold IPL and others

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1 year 8 months ago #124255 by alexgreat
alexgreat replied the topic: Penbina PPL looks real solid
Anyone still holding

CALGARY, Jan. 9, 2020 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for January 2020 of $0.21 per share to be paid, subject to applicable law, on February 14, 2020 to shareholders of record on January 24, 2020. As previously announced, Pembina's Board of Directors approved a $0.01 per share increase to its monthly common share dividend rate to $0.21 per share, subject to closing of the acquisition of Kinder Morgan Canada Limited and the U.S. portion of the Cochin Pipeline system, which occurred on December 16, 2019. The common share dividends are designated "eligible dividends" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.

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2 years 3 weeks ago #123400 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
This stock has been a real winner, I just bought a position in Ron's new oil pick VET
Attachments:

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2 years 3 weeks ago #123399 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
The Globe and Mail reports in its Thursday edition that Pembina Pipeline is buying Kinder Morgan Canada and the U.S. portion of a key condensate pipeline for $4.35-billion, a deal that will bolster its position in the high-demand oil storage and transport business. The Globe's Jeffrey Jones writes that for Houston-based Kinder Morgan Inc., the sale marks its exit from Canada after it sold its largest asset -- the Trans Mountain oil pipeline -- to Ottawa last year for $4.4-billion. It follows a formal process to seek buyers for the majority-owned Canadian operation that ended in the spring after failing to attract acceptable proposals. Calgary-based Pembina is acquiring transport and storage operations, largely backed by long-term contracts that shield it from the vagaries of commodity-price swings. The mid-stream business has been a bright spot in an energy industry that has been under severe pressure because of tight capacity to move oil and gas to markets outside Canada. Its stock is up 20 per cent this year against a backdrop of sharp declines throughout most of the producing sector. Kinder Morgan Canada shares surged 32 per cent to $14.45 Wednesday. The acquisition will allow Pembina to increase its dividend.

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2 years 2 months ago #123151 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
Dividend up a penny to 20 cents a month. Very nice, my yield now is 8%, Can't find that at any banks

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2 years 4 months ago #122758 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Another solid qtr.

Financial & Operational Highlights

Record first quarter adjusted EBITDA of $773 million, representing a 12 percent increase over the same period in 2018 was driven primarily by increased gross profit from both the Pipeline and Facilities divisions from new assets that were placed into service in late 2018 and additional commitments on existing assets; the adoption of IFRS 16; a realized gain compared to a realized loss on commodity related derivatives in the Marketing & New Ventures Division; and was partially offset by higher general and administrative costs;

First quarter earnings of $313 million, a five percent decrease over the same period of the prior year, was primarily due to, with the exception of the adoption of IFRS 16, the factors affecting adjusted EBITDA as well as an unrealized loss on commodity related derivatives compared to an unrealized gain in the previous period and higher net finance costs, as net finance costs in the prior period included a gain related to the Company's convertible debentures. First quarter earnings was also positively impacted by a $33 million settlement from an ongoing contract dispute that was resolved during the quarter.

Cash flow from operating activities of $608 million for the first quarter, a 22 percent increase over the same period in 2018, was primarily due to increased operating results, increased distributions from equity accounted investees, and changes in non-cash working capital, offset by higher taxes paid. On a per share (basic) basis, cash flow from operating activities for the first quarter increased by 21 percent, compared to the same period in the prior year;

Adjusted cash flow from operating activities increased by nine percent to $578 million in the first quarter of 2019, compared to the same period in 2018, mainly attributable to an increase in operating results, higher distributions from equity accounted investees, partially offset by an increase in current tax expense and interest paid. On a per share (basic) basis, adjusted cash flow from operating activities for the first quarter increased nine percent compared to the same period of the prior year; and

Total volumes of 3,403 mboe/d for the first quarter of 2019, a four percent increase over the prior year.

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