PEMBINA PIPELINE $29.06 (Toronto symbol PPL; Shares outstanding: 354.7 million; Market cap: $10.7 billion; TSINetwork Rating: Average; Dividend yield: 6.0%; www.pembina.com) owns pipelines that carry half of Alberta’s conventional oil, 30% of Western Canada’s natural gas liquids (NGLs) and almost all of B.C.’s conventional oil.
Pembina also owns facilities that extract, process and store NGLs.
In the three months ended September 30, 2015, the company’s cash flow per share jumped 25.0%, to $0.60 from $0.48 a year earlier. That’s mainly because of new plants starting up and boosting volumes at its NGL extraction business.
Pembina plans to spend $2.1 billion on capital projects this year, up 10.5% from $1.9 billion in 2015. It will mainly invest these funds in projects already in progress, almost all of which already have long-term contracts with customers. That cuts the company’s risk.
The stock trades at 11.6 times Pembina’s forecast 2016 cash flow of $2.50 a share. It yields 6.0%.
Pembina Pipeline is still…
Privacy Policy and Terms of Use
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
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