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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (198184)3/7/2018 8:24:44 PM
From: E_K_S  Respond to of 206223
 
Pembina Pipeline Corporation (PBA)

This is another Canadian pipeline that supplies NG to export LNG facilities. The acquired

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through five segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, Midstream, and Veresen. The Conventional Pipelines segment operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota. The Oil Sands & Heavy Oil segment owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude Project and the Horizon Project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta. This segment operates approximately 1,650 kilometers of pipeline and has 1,060 thousands of barrels per day of capacity. The Gas Services segment provides natural gas gathering, compression, condensate stabilization, and shallow and deep cut processing services. The Midstream segment offers products and services, including storage, terminalling, and hub services. It operates 14 truck terminals; 21 inbound and 13 outbound pipeline connections; 1.2 mmbpd of crude oil and condensate supply; and approximately 900 mbbls of ground storage in the Edmonton North Terminal, as well as operates 2 NGL operating systems. The Veresen segment offers tariff-based operations of pipelines and related facilities; natural gas gathering and processing facilities; NGL fractionation facility and gas processing capacity near Chicago, Illinois; and other natural gas and NGL processing facilities, logistics, and distribution assets in the United States and Canada. Pembina Pipeline Corporation was founded in 1997 and is headquartered in Calgary, Canada.

Pembina Pipeline Corp to buy Veresen in $9.7 billion deal

I own both but lots of Veresen (converted to PBA shares).

Veresen had a proposal to build a LNG export facility in Oregon but was having a difficult time getting the permits. TRUMP has since appointed new FERC board members that s/d approve plans and PBA was considering doing the investment.

I am still awaiting some decision but it would be one of a few West Coast LNG Export facilities.

It's a good div payer and some good potential pipeline expansion plays for NG.

EKS



To: Elroy Jetson who wrote (198184)3/8/2018 2:05:19 PM
From: research1234  Read Replies (1) | Respond to of 206223
 
DM doesn’t pay a dividend since it’s a MLP, but it does pay a quarterly distribution that returns 5% annualized. Share price is down jut like the rest of the MLP sector.

DM probably still makes more money on the import of LNG at Cove Point than export, and will until market conditions change. They are well positioned to play either side.