Pembina maps out 2019

Article Excerpt

PEMBINA PIPELINE $41.23 (Toronto symbol PPL; Shares outstanding: 502.4 million; Market cap: $20.5 billion; TSINetwork Rating: Average; Dividend yield: 5.5%; www.pembina.com) plans to spend $1.6 billion on new projects and upgrades to its existing operations in 2019. About 53% of that spending will go toward new pipelines. That includes completing two expansions of its Peace Pipeline System. A further 25% of that 2019 spending will go to Pembina’s facilities division. It is now building gas-processing plants, which should begin operating in the next two years. The remaining 22% will go toward other projects such as the proposed Jordan Cove liquefied gas facility and related pipelines in Oregon. That project could begin operating in 2024. Pembina Pipeline is a buy. buy. …

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