TSE:PPL

Pembina Pipeline Corp (PPL.TO)

68.23
+1.10 (1.64%)
as of Jun 10, 2026, 8:00:00 pm Market Open.
1161 watching
0
Investor Insights
star iconJun 10, 2026, 12:00 am

This summary was created by AI, based on 48 opinions in the last 12 months.

Pembina Pipeline Corp (PPL-T) has generally received favorable reviews from industry experts, highlighting its solid position in the energy sector and strong cash flow from contracted pipelines. Analysts appreciate its 5%-plus dividend yield, which is supported by a stable business model based on take-or-pay contracts. While some analysts caution that valuation appears stretched at current levels, they acknowledge the company’s potential for future growth, especially in LNG exports. Overall, the sentiment is largely positive, although there are differing views on timing and the need for a better entry point. Concerns over certain assets and competitive pressures exist, but many see long-term benefits, especially as energy demand is expected to increase.

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Consensus
Buy
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Valuation
Fair Value
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ENB
PAST TOP PICK
(A Top Pick Dec 16/19, Down 23%) Still likes it. The energy infrastructure names is very inexpensive. The cashflow stream is durable and it has proven itself during the 08/09 crisis. About 85% is from longterm contracts. They got hit from their mid-stream assets. Still really likes the assets and valuation. They cut their cap-ex plans to support the dividend.
BUY
The dividend is safe, given their cash flow and balance sheet. They have less sensitivity to commodity price moves. He's fine with this. The valuation is at the higher end of mid-tier pipeline companies, but he see growth here.
DON'T BUY
It is part of the beaten down energy related stocks. Debt is a problem, it is expensive on a EBITA bases and price momentum has been poor. It is not quite cheap enough. It has not come off the bottom. It could be subject to tax loss selling. It is too dangerous to short, but it is also not own-able.
BUY
A good income name. She usually holds 2.5-3% of a portfolio in each name for income. Maintained pre-Covid guidance. Question is do they bring on projects or do share buybacks? Highly defensible business, long-term contracts. Yields over 8%.
BUY
It's good. Whole sector has been taken down with Biden and the price of oil. Still room for growth. Great balance sheet and very good dividend. Value stock that got oversold and ignored. We still need pipelines, and PPL will be part of that.
BUY ON WEAKNESS
Energy is not a loved sector. The world is transitioning to electricity. However, the yield is approaching 9%. It is an opportunity to pick up some income. With current interest rates, the yield is very attractive. The dividend is safe for now, and even if it is cut a little bit, the stock shouldn't be punished too much as it would be a result of prolonged lockdowns and competitors will be doing the same.
HOLD
The dividend is safe. They've short up the balance sheet and deferred capex to uphold the divvy. A hold. Overall, sentiment on energy is very negative.
BUY

Keyera vs. Pembina He owns both. Keyera: pays a slightly higher dividend, but also slightly riskier, due to its mix of liquids and gas processing, so probably more earnings volatility short-term. Pembina is a pipeline play with operating cash flow around 9-10x. They were resilient in the downturn. What's good about both is that they are sensitive to volumes, not the oil price, especially Pembina. The dividends are safe and earnings resilient. If the stocks do nothing, at least both pay more than 8% in dividend yields.

BUY
They have assets that are stable and provides income to investors. With bond yields and interest rates being low, these companies are being looked at positively for stability and income. The petrochemical plant project is a question of how they come up with funding, and managing the timeline between spending and revenues.
TOP PICK
Natural gas focus and infrastructure assets that are contracted on a long-term basis makes this a good opportunity. The dividend is well-covered on a sustained basis. Energy demands is poised to rise for a little while. It should return to pre-covid levels eventually. A quality company. (Analysts’ price target is $39.36)
PAST TOP PICK
(A Top Pick Sep 19/19, Down 39%) A very interesting situation. It is his top pick again. The current valuation does not make sense to him. Commodity prices support the business and customers. The business is stronger than what investors give credit to. It will produce lots of cashflow and the dividend should continue as is.
PAST TOP PICK
(A Top Pick Sep 12/19, Down 30%) It got hit in the whole energy sell-off. An excellent pipeline name. In Q1, they pulled back capex plans to protect their dividend (8% is safe) and balance sheet. Most of their contracts are long-term, and their clients are investment-grade. A fine income stock.
BUY ON WEAKNESS

It had a lot of growth ahead, then the pandemic threw that into question. It's waiting on the future demand for energy and pipelines. The monthly dividend is safe as long as contracted players continue to pay, but the risk is in those contracts voiding and defaulting. This applies to peers like Keyera. PPL is more diversified and bigger vs. its peers. He's picking away at it, but this is a volatile space. Oil stocks are grinding higher, though, as the WTI price keeps rising and shale oil is not coming back and Canadian production is flatlining. Buy at low-$30/high-$20s. Hold at mid-$30s and hope things will normalize.

HOLD

Prefers Enbridge, as the growth is higher and the dividend has become almost 7%. PPL is a safe place to be if we get a bit of a pullback. If you own it, keep holding.

BUY
She's confident in Pembina, which have a combination of oil and natural gas pipelines, plus midstream operations. Pembina have made acquisitions which have improved their U.S. presence. Pembina was prudent when the pandemic hit when they slashed capex to protect their dividend and balance sheet. It yield's over 7%. Their midstream operations in the Montney are well-positioned and low cost. They delayed their capex projects, but will bring back those projects slowly which will strengthen their growth profile.
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