Penbina PPL looks real solid

  • lynnsa10
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3 years 8 months ago #118605 by lynnsa10
lynnsa10 replied the topic: Penbina PPL looks real solid
Yes a nice Qtr. still holding this one too

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3 years 8 months ago #118588 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Yup still holding, nice move on the pipelines today and with PPL on good earnings report

Project Highlights

Placed $2.8 billion of new projects into service at the end of the second quarter under budget and either on time or ahead of schedule on an aggregate basis, with all new assets operating successfully as expected;

Entered into an arrangement agreement with Veresen Inc. ("Veresen") to create one of the largest energy infrastructure companies in Canada with a pro-forma total enterprise value of approximately $33 billion; and

Proceeded to the front end engineering design phase for a proposed integrated propylene dehydrogenation and polypropylene production facility.

Financial Highlights

Generated second quarter and year-to-date earnings of $124 million and $339 million, a 10 percent and 58 percent increase, respectively, over the same periods of the prior year;

Realized adjusted EBITDA of $303 million during the second quarter and $666 million year-to-date during 2017, four percent and 19 percent higher than the second quarter and first half of 2016, respectively;

Recorded cash flow from operating activities of $362 million and $688 million for the three and six months ended June 30, 2017, an increase of 33 percent and 26 percent, respectively, from the same periods of the prior year. Adjusted cash flow from operating activities increased by 17 percent and 31 percent to $275 million and $583 million in the second quarter and first half of 2017 compared to the respective periods in 2016; and

On a per share (basic) basis during the three and six months ended June 30, 2017, cash flow from operating activities increased 29 percent and 21 percent, respectively, compared to the same periods of the prior year.

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3 years 10 months ago #118090 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
GB you still holding??

Regards to Pembina Pipeline's $9.7-billion (U.S.) deal to buy Veresen

JP Morgan analyst Jeremy Tonet noted that the Veresen deal brings assets that are profitable in the first year. "Veresen significantly bolsters Pembina's long-term growth profile and diversifies its geography, hydrocarbon mix and customer set," Mr. Tonet said in a note, reiterating his overweight recommendation and $52 price target. Pembina, which closed Monday at $44.22, remains his top pick after the company's second straight quarterly earnings beat. Mr. Tonet highlighted management's expectations for cash-flow-per-share growth of 8 to 10 per cent beyond 2020, and roughly 6-per-cent dividend growth. "We recommend Pembina for midstream investors in search of detox from over-levered balance sheets, energy investors looking for offense and defense, as well as generalist investors seeking quality income with visible growth," he said.

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4 years 1 month ago #117776 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Yup another new high last week and more solid financial results


Highlights

Generated earnings of $466 million in 2016, a 15 percent increase over the prior year;
Adjusted EBITDA was $1,189 million during 2016, 21 percent higher than 2015;

Cash flow from operating activities was $1,077 million for 2016 compared to $801 million for 2015, an increase of 34 percent on an annual basis. Adjusted cash flow from operating activities increased by 12 percent to $986 million in 2016 compared to 2015;

On a per share (basic) basis, cash flow from operating activities increased 20 percent compared to the prior year;
Gas Services generated record quarterly and annual revenue volumes of 976 MMcf/d and 836 MMcf/d, respectively, in 2016, representing a quarterly increase of 61 percent and an annual increase of 27 percent;

Fourth quarter NGL sales volumes reached a record 164 mboe/d, a 33 percent increase compared to the respective period in 2015. For the full year, NGL sales volumes were a record 143 mboe/d, a 23 percent increase compared to 2015;

Conventional Pipelines' fourth quarter revenue volumes increased to 639 mbpd in 2016 compared to 621 mbpd in the fourth quarter of 2015. For the full year, Conventional Pipelines' revenue volumes were 650 mbpd compared to 614 mbpd in 2015; and

In 2016, Pembina added over 400 MMcf/d of additional processing capacity in its Gas Services business, increasing its total capacity to approximately 1.7 billion cubic feet per day. This was accomplished through the acquisition of the Kakwa River facility and expansions of the Company's Resthaven and Musreau facilities.

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4 years 2 months ago #117433 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
Loving this stock, just made new highs again last week and I bet that is not the end of it. Can't complain about those monthly cash injections in the account either. What do you think of Ron's new one Seaspan, sounds good and I am starting to get hooked on these dividend stocks

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4 years 3 months ago #117423 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Pembina Pipeline Corp.'s board of directors has declared a common share cash dividend for January, 2017, of 16 cents per share to be paid, subject to applicable law, on Feb. 15, 2017, to shareholders of record on Jan. 25, 2017.

Kaching!!

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4 years 4 months ago #117384 by lynnsa10
lynnsa10 replied the topic: Penbina PPL looks real solid
Looks like more good news for Pembina $500 million in royalty credits to build a propylene plant business.financialpost.com/news/energy/a...ties?__lsa=4721-ef89

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4 years 4 months ago #117328 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Check this out on Exxon, very interesting and the stock is not far off it's high, makes no sense at all

srsroccoreport.com/end-of-the-u-s-major-...ouble-at-exxonmobil/

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4 years 4 months ago #117321 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
Looks like a nice bounce up off support just above $37
Attachments:

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4 years 5 months ago #117241 by Gambler
Gambler replied the topic: Penbina PPL looks real solid
The stock has come off, looks to me it should hold above $37.50. Not too worried about some gyration here when I am in around $30

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4 years 5 months ago #117238 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
Earnings out, looks pretty good although a US 6 cent miss on earnings expected. I am happy to hold

Highlights

Generated third quarter and year-to-date earnings of $120 million and $335 million, a six and 21 percent increase, respectively, over the same periods of the prior year;

Adjusted EBITDA was $287 million in the third quarter and $847 million year-to-date, 17 percent and 19 percent higher than the third quarter and first nine months of 2015;

Cash flow from operating activities increased by 32 percent and 53 percent to $247 million and $791 million while adjusted cash flow from operating activities increased by 20 percent and 16 percent to $250 million and $694 million compared to the third quarter and first nine months of 2015;

On a per share (basic) basis during the three and nine months ended September 30, 2016, cash flow from operating activities increased 17 percent and 36 percent, respectively, and adjusted cash flow from operating activities increased seven percent and three percent, respectively, compared to the same periods of the prior year;

Completed previously announced expansions of both the Vantage and Horizon pipeline systems under-budget;
Raised $500 million of gross proceeds through the issuance of senior unsecured Series 7 medium-term notes.

Pembina's $2.4 billion Phase III Expansion is now approximately 50 percent complete and construction is underway on the largest section of the project between Fox Creek, Alberta and Namao, Alberta;

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4 years 5 months ago #117218 by GoldnBoy
GoldnBoy replied the topic: Penbina PPL looks real solid
The stock just made another new high, I am up about 35% now. Q3 earnings released for Nov 3rd should be good.

JP Morgan analyst Jeremy Tonet initiated coverage of Pembina ($40.41) a week or so back with an "overweight" rating and a $47 per share price target. Pembina shares have risen almost 50 per cent since January. "We view Pembina as a core Canadian energy holding considering the economically irreplaceable assets, significant vertical integration and scale, leading financial flexibility and visibility," Mr. Tonet said in a research note

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