Opinions Brian Acker, CA
Pembina Pipeline CorpPPL.TOCOMMENTOct 17, 2017
Brian Acker, CAStock price when the opinion was issued
As of Aug 12, 2026. Market Open.
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Pays a 4.5% dividend. Good backlog so can increase cash flows and dividends for the next few years. Will benefit if a new LNG pipeline is built out west.
(Analysts’ price target is $72.67)
Christine PooleStill loves it (though not at these valuations ;) Growth is on track, and getting paid in the meantime. What's not to like?
Rebecca TeltscherHe doesn't own any of the pure-play oil producers right now (though he does own TOU). The reason is the volatility we're seeing.
His team plays energy these days by owning ENB, and some of the smaller midstream companies like PPL and GEI. He likes their stability.
Andrew Pink
A name for a good dividend and safety. Pipelines are not quite as good as utilities, because they're perceived as being commodity-sensitive (even though they're really not).
You'll get your dividend, and the safety means you can sleep at night (and that's worth something). You can get diversification via funds and ETFs.
Western Canada has many opportunities for more production and PPL is in the middle of that. Is a decent long-term gold with a good dividend.
Bruce MurrayBoth benefit from AI centre demand. Pembina is building a 1.8 gigawatt natural gas plant in Alberta. Half of ALA's business is in the US, regulated utilities, in Virginia--the world capital of data centre traffic. ALA also has activity in Western Canada. ALA's growth rate is higher than Pembina. ALA gets the slight edge.
All energy stocks have come off because we've had (cynically) a "peace scare" in the Middle East. Energy sector will continue to be robust.
Also likes, and owns, TOU.
Brendan CaldwellA defensive holding. Surprised by how well the pipeline stocks have done. War has definitely had an impact on energy infrastructure. Still a standout to grow, with lower valuation and excess capital.
John ZechnerPipelines and utilities have soared, because of energy demand from data centres. PPL is quality with a healthy balance sheet and growth outlook. Most of their projects are already sanctioned.
Teal LindeTheir PE is lower than TC and ENB. Better scale and diversification from all peers.
Teal Linde
Closed at $42.91, and he has a model price of $53.25, a 24% premium over the current price. If it got $39.51, it would be interesting. Remember that in the 1st part of 2016, the stock was basically down to about $27. It’s had a good recovery. Feels that a lot of interest sensitive stocks are meeting a lot of competition as interest rates move higher.