RY 159.01 -1.1808% SHOP 111.96 -3.5077% TD 83.98 0.0% ENB 62.07 -1.1939% BN 65.98 -4.1128% TRI 247.94 -1.5642% CNQ 39.39 -1.2287% CP 100.94 -2.152% CNR 136.5 -0.5899% BMO 127.33 -1.5388% BNS 65.33 -0.548% CSU 4587.2002 -2.0361% CM 80.55 -1.2868% MFC 39.05 -1.5132% ATD 71.585 0.3997% NGT 76.26 0.0525% TRP 66.79 -2.4394% SU 47.74 -0.1255% WCN 267.81 -2.0303% L 213.61 -0.0328%
Section1: Company Overview
Pembina Pipeline Corporation (TSX: PPL) is midstream company serving the Canadian and North American (primarily Bakken) markets with an integrated product portfolio. The firms' assets include pipelines and gas gathering, as well as assets across fractionation, storage, and propane exports.
This Report covers the Recommendation Rationale, Key Financial Metrics, Risks associated along with the Valuation, Target Price, and Recommendation on the stock.
1.1 Recommendation Rationale
Section2: Financial Highlights
2.1 Key Financial Highlights
Section 3: Stock Recommendation Summary
3.1 Valuation Methodology
Valuation Methodology (Illustrative): EV to Sales based
3.2 Price Performance and Stock Recommendation
The stock has witnessed an upside of ~5.37 and ~16.44% over the last 3 months and 6 months respectively. Moreover, the stock is trading above the average 52-week high price of CAD 53.82 and 52-week low price of CAD 38.79, providing an opportunity to exit, as the prices are trading near the resistance and could make some correction.
3.3 One-Year Technical Price Chart
One-Year Technical Price Chart (as of August 9, 2024). Source: REFINITIV, Analysis: Kalkine Group
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, and currency as of August 9, 2024. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.
Note 4: Dividend Yield may vary as per the stock price movement.
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
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