Pembina Pipeline Corp

PPL-T

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.

They are doing very well. They are not running into the pipeline expansion problems that others are having. This is a utility grade, and dividends are well covered. This name will continue to do well. A solid investment.

Pays a 6% dividend, an income stock, and they increased it by 5% last week. They can fund their cash flow growth and will increase their dividend by 5-6%. They have natural gas pipelines. Defensive cash flow and a 55% payout ratio. Perhaps there are risks in investing in a huge petrochemical plant with possible cost overruns, but they seem to be on track. (Analysts’ price target is $55.28)

Top pick for many years for him. A quality name. They don't have the headline risk that Enbridge and the others have. The problem is that their growth is slowing and it is getting expensive. Still trading at 9.4% 2023 free cash flow. Nice dividend.

ENB-T or TRP-T? He owns both pipelines. Today, he would favour TRP-T. He has also been watching PPL-T as well. The space has always been a good investment.

He sold it a year ago because it got fully valued. They've made some good acquisitions. Now, it's fully valued. Hold.

A top pick for him for many years. Still likes the name. He models 5% FCF growth and 8% EPS growth. Reasonable payout ratio. It will go higher and if you get it at $46-$47 you will do OK 12 months out.

This is her infrastructure Top Pick. They are well positioned in the Canadian shale plays of Montney and Duvernay. They bought Verasan about a year ago, bringing allow some high quality assets in Western Canada and the prospect of a LNG facility. Stable cash flow anchored by take or pay contracts. Yield 4.9%. (Analysts’ price target is $54.28)

IPL vs. Pembina IPL is sitting in a great area with support around $19, since 2012. Definitely a buy. Pembina is a lot more toppy, way past its support level and trying to break through upper resistance. He'd sell Pembina.

High quality. They can fund their capex with their own cash flow. Their projects are low-profile and don't attract opposition like Keystone. Strong balance sheet. Decen 8% growth rate this year. Dividend growth. Only problem is their tax pools that they use to shelter taxes are being used up faster than expected.

It ranks well for his system, but he does not own it now. They had an increase of sales of 66% and earnings are up 77%. Earnings growth is above 8% for the next two years. A utility based company in the natural gas processing business. It will allow you to sleep well at night with a good dividend.

5.2% yield that is safe and will continue to grow at 6%. A well-managed midstream company with operations in LNG in the Pacific northwest, a petrochem plant, and they're dominant in the Montney region in gas processing. Long-term outlook: pipeline expansions (crude and nat gas) offer them many capex opportunities. However, PPL is more expensive than its peers. If you buy it now, moderate your return expectations of 2-3% over time. Still a good return.

It has been forming this base, going back and forth in a trading range. It is a good trading type of stock. It is coming up to its strong period. This is probably a good place to be over the next few months.

A smaller pipeline without cross-provincial problems. It's strictly Alberta, so relatively unharmed by politics. Well-run and has held up very well in this correction. A good stock with a growing dividend. No problems.