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
HOLD
Very good, strong infrastructure that includes pipelines, natural gas liquid marketing and storage. High payout ratio. Have tax pools. He would like to see a small distribution cut of 10%-15%.
PAST TOP PICK
(Top Pick Nov 3/09, Up 18.00%)
DON'T BUY
Management team has done a very good job but he is a little bit cautious because of their gas marketing side, which is coming under some pressure. There is probably better growth in other pipeline trusts like Inter Pipeline (IPL.UN-T), which has three pipelines that are coming on stream.
PAST TOP PICK
(A Top Pick Nov 3/09. Up 23.11%.) Still a Buy. Very low probability that they will cut distributions.
HOLD
Dividend is save and it is fully valued. Relatively little downside in this name.
WAIT
Short term the shares are over bought. If you have a 5-year horizon, it could be put in. Over next 6 months focus on energy income trusts where he sees more growth.
COMMENT
Lot of growth projects, including transporting bitumen and oil south, moving natural gas finds in the Montney to the coast and south to Chicago. Not expecting a distribution cut.
COMMENT
Yield is very important and what you do with your business trusts because they are going to have to convert. This one might be able to get away with a small cut in distributions. The business is good and grows. Would be a little nervous as it has been going up a lot lately and if it got to $18 he would consider a trim.
HOLD
Has been on quite a tear since March. Company intends continuing the same rate after they convert from a trust. Payout rate is pretty high, so if there is any hiccup, that may not happen. Pretty expensive.
PAST TOP PICK
(Top Pick Dec 15/08, Up 21.6%) Not buying it now. Under $16 would be an entry point. One of their divisions is involved in marketing. He is not a bull on Natural Gas – It’s not going to $8-$10, but if it is a cold winter, it will help. There are no drilling rigs drilling for gas right now.
PAST TOP PICK
(A Top Pick Nov 7/08. Up 10.45%.) Trimmed a little. Hold.
TOP PICK
A defensive play. 9% distribution. About 95% payout ratio that management feels distribution is sustainable until 2013.
PAST TOP PICK
(Top Pick Oct 14/08, Up 10%) Should keep up when it is no longer a trust. They have a high payout ratio, though.
BUY ON WEAKNESS
Good yield of 10.3%. It should have good, steady growth, cash flow and continue distributions. You might hold off buying until you see what the market is going to do and try to get at $14.46.
BUY ON WEAKNESS
Has a problem with the leverage in the company. Paying a little in excess of its free cash flow. Upside potential is the commodity play.
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