TSE:PPL
32.25
0.20
(0.62%)
Pembina Pipeline is a Canadian petroleum and natural gas pipeline operator.
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Pembina Pipeline Corp
PPL-T
Analysis and Opinions about PPL-T
Signal
Opinion
Expert
COMMENT
COMMENT
July 8, 2020
Sell Banks for Pipelines? He likes this strategy. Balance the weight between both he suggests. Pipelines are economically sensitive these days, due to their weightings in the energy ETFs. ENB, TRP and PPL have been particularly sensitive. He thinks the valuations warrant investment here.
Show full opinionHide full opinion
Sell Banks for Pipelines? He likes this strategy. Balance the weight between both he suggests. Pipelines are economically sensitive these days, due to their weightings in the energy ETFs. ENB, TRP and PPL have been particularly sensitive. He thinks the valuations warrant investment here.
BUY
BUY
June 29, 2020
This is a smart long term play. It has a well contracted asset base. It is diverse. It has a lot of things going for it. Within the pipeline industry it is one he would find more exciting at this time.
Show full opinionHide full opinionThis is a smart long term play. It has a well contracted asset base. It is diverse. It has a lot of things going for it. Within the pipeline industry it is one he would find more exciting at this time.
BUY
BUY
June 12, 2020
A good company with take-or-pay contracts. If oil fills storage and producers go bankrupt, they may need to revise terms. He likes management and the dividend rate. In a world of higher oil prices, this will do well. You can add here. They have been a good steward of capital, with projects coming in on time and on schedule.
Show full opinionHide full opinionA good company with take-or-pay contracts. If oil fills storage and producers go bankrupt, they may need to revise terms. He likes management and the dividend rate. In a world of higher oil prices, this will do well. You can add here. They have been a good steward of capital, with projects coming in on time and on schedule.
BUY
BUY
May 21, 2020
Preferred share with 8.73%. It is a mid-stream company and the underlying stock is down quite a bit. He likes it as a business. The credit that you have within this space is really quite good. He sees no reason why they would default on the payment. It is just lumped into energy.
Show full opinionHide full opinionPreferred share with 8.73%. It is a mid-stream company and the underlying stock is down quite a bit. He likes it as a business. The credit that you have within this space is really quite good. He sees no reason why they would default on the payment. It is just lumped into energy.
HOLD
HOLD
May 14, 2020
This is one of the difficult themes coming through these times. Energy is as cheap as it has been vs. the S&P in the last 30 years. Structurally there is a headwind. The most defensive part of energy would be the pipes and this one is a good quality company. He has almost no exposure to the energy space. He thinks you can count on the distribution, but the total return may not be great. He would prefer to see a turn happen first before putting new money to work.
Show full opinionHide full opinionThis is one of the difficult themes coming through these times. Energy is as cheap as it has been vs. the S&P in the last 30 years. Structurally there is a headwind. The most defensive part of energy would be the pipes and this one is a good quality company. He has almost no exposure to the energy space. He thinks you can count on the distribution, but the total return may not be great. He would prefer to see a turn happen first before putting new money to work.
PAST TOP PICK
PAST TOP PICK
May 13, 2020
(A Top Pick May 14/19, Down 28%) They still it own as one of two pipeline holdings. They were active mid-March as COVID began and oil prices collapsed. They cut their discretionary capex by $4.5 billion, of which $1 billion will be cut this year. Recent earnings reported were fine and they have continued guidance at the lower end of the range. Take or pay contracts are good. Dividend payout ratios are about 60%. Yield 7.5%
Show full opinionHide full opinion(A Top Pick May 14/19, Down 28%) They still it own as one of two pipeline holdings. They were active mid-March as COVID began and oil prices collapsed. They cut their discretionary capex by $4.5 billion, of which $1 billion will be cut this year. Recent earnings reported were fine and they have continued guidance at the lower end of the range. Take or pay contracts are good. Dividend payout ratios are about 60%. Yield 7.5%
BUY WEAKNESS
BUY WEAKNESS
May 8, 2020
PPL & ALA? PPL at $18.50 is his target buy price. ALA might be a good buy if we take out the lows of March.
BUY
BUY
April 28, 2020
Trashed along with the entire energy sector. Surprising how low this fell, but he bought in the mid-20s. Safe dividend. Smart operators. They can reduce costs further, if needed. The selling is way overdone here and with Enbridge.
Trashed along with the entire energy sector. Surprising how low this fell, but he bought in the mid-20s. Safe dividend. Smart operators. They can reduce costs further, if needed. The selling is way overdone here and with Enbridge.
COMMENT
COMMENT
April 22, 2020
Historically these have been great assets to own. They will follow energy stocks in general too. He prefers to own KEY over PPL. There have been concerns about insolvencies with producers in the energy space with low oil prices. He has added more to their KEY holdings, thinking the natural gas space is safer than oil right now. He would own a couple of holdings in a diversified way.
Historically these have been great assets to own. They will follow energy stocks in general too. He prefers to own KEY over PPL. There have been concerns about insolvencies with producers in the energy space with low oil prices. He has added more to their KEY holdings, thinking the natural gas space is safer than oil right now. He would own a couple of holdings in a diversified way.
HOLD
HOLD
April 16, 2020
The dramatic price decline was caused by reduced demand and lower commodity prices in Canada. Even with take or pay contracts they need healthy customers. He thinks they will be able to weather the storm, however.
Show full opinionHide full opinionThe dramatic price decline was caused by reduced demand and lower commodity prices in Canada. Even with take or pay contracts they need healthy customers. He thinks they will be able to weather the storm, however.
WAIT
WAIT
April 15, 2020
This is a company that will take time to recovery. In a world of $20 oil, we really are in uncharted waters. If there are bankruptcies in the oil patch it will take time to re-balance. Eventually they will become a buy, but only when they are cheap enough -- around $22.
Show full opinionHide full opinionThis is a company that will take time to recovery. In a world of $20 oil, we really are in uncharted waters. If there are bankruptcies in the oil patch it will take time to re-balance. Eventually they will become a buy, but only when they are cheap enough -- around $22.
TOP PICK
TOP PICK
April 6, 2020
It has been one of the best managed companies in Western Canada for decades. The dividend is around 10%. If there is not a multi-year downturn in volumes they will be able to maintain the dividend. (Analysts’ price target is $38.11)
Show full opinionHide full opinionIt has been one of the best managed companies in Western Canada for decades. The dividend is around 10%. If there is not a multi-year downturn in volumes they will be able to maintain the dividend. (Analysts’ price target is $38.11)
PARTIAL SELL
PARTIAL SELL
April 1, 2020
They are somewhat insulated from the oil price declines. However, with so much oil supply in the market flooding in from Russia and Saudi Arabia, at some point storage will be full and this will not be a good situation. The risk lies with commitments made by producers for their services. Yes, they will get some relief in bankruptcy court if their customer fails, but it will take time. They are staying away from energy right now. If you own this, he would suggest selling half and wait for improvement.
Show full opinionHide full opinionThey are somewhat insulated from the oil price declines. However, with so much oil supply in the market flooding in from Russia and Saudi Arabia, at some point storage will be full and this will not be a good situation. The risk lies with commitments made by producers for their services. Yes, they will get some relief in bankruptcy court if their customer fails, but it will take time. They are staying away from energy right now. If you own this, he would suggest selling half and wait for improvement.
BUY
BUY
March 11, 2020
Yesterday, it was down 25-30% on a day, so he picked some up. The street thinks some of the producers won't be around in the next 3-6 months. The market's overdoing the selloff. Growth and balance sheet are fine. It'll bounce around a bit. He likes it longer term.
Show full opinionHide full opinionYesterday, it was down 25-30% on a day, so he picked some up. The street thinks some of the producers won't be around in the next 3-6 months. The market's overdoing the selloff. Growth and balance sheet are fine. It'll bounce around a bit. He likes it longer term.
DON'T BUY
DON'T BUY
March 10, 2020
Outlook for Pembina in fulfilling take-or-pay contracts with clients. That's exactly the concern behind the stock going down. That's the risk. It's like Chorus Aviation's relationship to Air Canada (though AC has a strong balance sheet and is well-positioned). PPL was trading at a pricey 20x EBIT to EBITDA. Pays a big, growing yield at a reasonable payout ratio, assuming they can maintain cash flow. The market is determining how risky that is. PPL has lost its utility-like premium and trading down. Valuation is cheaper, but it's becoming volatile. Let the dust settle before considering this.
Outlook for Pembina in fulfilling take-or-pay contracts with clients. That's exactly the concern behind the stock going down. That's the risk. It's like Chorus Aviation's relationship to Air Canada (though AC has a strong balance sheet and is well-positioned). PPL was trading at a pricey 20x EBIT to EBITDA. Pays a big, growing yield at a reasonable payout ratio, assuming they can maintain cash flow. The market is determining how risky that is. PPL has lost its utility-like premium and trading down. Valuation is cheaper, but it's becoming volatile. Let the dust settle before considering this.
Pembina Pipeline Corp(PPL-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 25
Neutral - Hold Signals / Votes : 7
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 37
Pembina Pipeline Corp(PPL-T) Frequently Asked Questions
What is Pembina Pipeline Corp stock symbol?
Pembina Pipeline Corp is a Canadian stock, trading under the symbol PPL-T on the Toronto Stock Exchange (PPL-CT). It is usually referred to as TSX:PPL or PPL-T
Is Pembina Pipeline Corp a buy or a sell?
In the last year, 37 stock analysts published opinions about PPL-T. 25 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Pembina Pipeline Corp.
Is Pembina Pipeline Corp a good investment or a top pick?
Pembina Pipeline Corp was recommended as a Top Pick by Chris Blumas on 2020-07-08. Read the latest stock experts ratings for Pembina Pipeline Corp.
Why is Pembina Pipeline Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Pembina Pipeline Corp worth watching?
37 stock analysts on Stockchase covered Pembina Pipeline Corp In the last year. It is a trending stock that is worth watching.
What is Pembina Pipeline Corp stock price?
On 2020-07-08, Pembina Pipeline Corp (PPL-T) stock closed at a price of $32.25.
