TSE:PPL

Pembina Pipeline Corp (PPL.TO)

64.45
+0.92 (1.45%)
as of Oct 1, 2026, 8:00:00 pm Market Open.
1167 watching
0
BUY
He is bullish on the space. You want to be in a space that is highly utilized. He really likes this name. Their network in Canada is unrivaled.
DON'T BUY
There's a lot of political noise in this space, not to mention interest rates and oil prices. Don't be in this space now. The energy space is weak in October-November. PPL is in a downward trend.
BUY
It has a nice dividend but is nicely positioned so they have a lot of tie-ins without having to spend a lot of capital. It is a nice balance between income and growth.
BUY
He doesn't like oil and gas producers--they're price-takers, not price-makers. He likes pipelines though. In Canada, pipelines are homogenous/interchangeable. All of them will grow their dividends though; historically they have. A good company.
HOLD

PPL-T fine holding, but he prefers to hold ENB-T as the yield is 6.5%. Both are good holds. The balance sheets are not stretched. At $50, PPL-T is getting to upper end of his value band.

TOP PICK

They beat Q2 and it has a strong balance sheet. They have rich pipelines, and he is modelling 7% free cash flow per share growth. They brought Kinder Morgan that increases their options.

TOP PICK
It has been flat for the last few months. They have a lot of organic growth ahead of them. Good dividend growth. You want to own it for the long term. (Analysts’ price target is $56.18)
BUY
They've done well vs. their peers. They just did an acquisition, and they have a good track record of buys. It's a stable business, not super high growth, but the dividend will continue to grow. Good to own.
TOP PICK

Nice income stock. Pipeline plus midstream operations. Footprint well-placed in western Canada. Recent acquisitions of Kinder Morgan and half a US pipeline. Good capital plan, well funded. Payout ratio is 55%. Mid-high single digit range of increasing cash flow. Increasing dividend. Yield is 4.92%. (Analysts’ price target is $56.18)

BUY
He has lately been taking a serious look at it. He does not see any reason to switch from any of the others, but for someone new coming into this sector this would be a Top Pick in the sector.
BUY

ALA-T? He prefers Pembina and has performed much better than ALA. Pembina just bought the Kinder Morgan Canada pipeline and section of a US pipeline. It pays a good dividend. He likes pipelines. It's held up during this volatility.

TOP PICK
They just proposed a $4.3 billion acquisition. Low interest rates spell cheap capital for them. They continue to do the right things. He likes the midstreams. They've had a price dip due to financing risk--probably need to finance $2 billion in equity with another $2 billion from debt. Holding up well despite a brutal oil sector. (Analysts’ price target is $56.20)
BUY
A solid pipeline/midstream company. A recent acquisition extends them into the U.S. Ottawa refuses to build pipelines, and oil amounts to 20% of Canada's economy, so this hurts the national economy. Pembina and other pipeline companies are solid.
COMMENT
He held it for a while then sold options to increase yield. Suddenly, PPL ran up. So, he rolled over the option instead of lose the stock. He wanted to sell leaps, but the 2022 LEAPS are bid 15 cents per $50 call, ask $5.50. What happens to time value? The price is way off. If you sell it, you'll likely keep it until it matures in 2022. He writes options against PPL to deliver cash flows. He likes this strategy. To roll up the strategy, don't sell a long-term LEAP, because you won't get liquidity....On the other hand, he's made the maximum return which you should always aim for. He doesn't think PPL will continue to run sizably. PPL pays a good yield.
BUY
He owns it for the 5% dividend, not growth. It's well-managed; they get things built and move the product. Don't expect the growth of 10 years ago, though. Solid assets.
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