Penbina PPL looks real solid

Gambler, I seen that and looks like stock at $44 is about to break out to new highs

2017-10-02 10:57 ET - News Release

Also News Release (C-VSN) Veresen Inc

Mr. Mick Dilger of Pembina reports

PEMBINA ANNOUNCES CLOSING OF BUSINESS COMBINATION WITH VERESEN, DECLARES INCREASED COMMON SHARE DIVIDEND AND PROVIDES BUSINESS UPDATE

Pembina Pipeline Corp. has completed its previously announced business combination with Veresen Inc. pursuant to a plan of arrangement under Section 193 of the Business Corporations Act (Alberta) to create one of the largest energy infrastructure companies in Canada.

"Today marks another significant milestone for Pembina," said Mick Dilger, Pembina's president and chief executive officer. "With increased size and scale, the combined companies create a platform in which we can pursue expanded growth opportunities while continuing to support future dividend growth and value creation for our shareholders. Our customers will also benefit from the enhanced service offerings through the highly integrated asset base and the extended geographic reach."

"We are also proud to have increased the common share dividend for the second time this year -- a testament to the strength of the combined companies and to our commitment of providing value to our shareholders," continued Mr. Dilger. "We have recently placed $2.8-billion of projects into service and expect to place approximately $2-billion of additional projects into service by early 2018. Pembina has truly become a leading North American infrastructure company and is well positioned to deliver top-tier performance going forward. Our future is bright and I am excited to realize our expected near-term transformational results," concluded Mr. Dilger.

Common share dividend increase and declaration

In conjunction with closing of the transaction, Pembina is proceeding with the previously announced increase to its common share dividend. As such, Pembina's board of directors has declared a common share cash dividend for October, 2017, of 18 cents per share to be paid, subject to applicable law, on Nov. 15, 2017, to shareholders of record on Oct. 25, 2017. This dividend reflects a 5.9-per-cent increase to the current monthly common share dividend rate of 17 cents per share.

Yes a nice Qtr. still holding this one too

Yup still holding, nice move on the pipelines today and with PPL on good earnings report

Project Highlights

Placed $2.8 billion of new projects into service at the end of the second quarter under budget and either on time or ahead of schedule on an aggregate basis, with all new assets operating successfully as expected;

Entered into an arrangement agreement with Veresen Inc. ("Veresen") to create one of the largest energy infrastructure companies in Canada with a pro-forma total enterprise value of approximately $33 billion; and

Proceeded to the front end engineering design phase for a proposed integrated propylene dehydrogenation and polypropylene production facility.

Financial Highlights

Generated second quarter and year-to-date earnings of $124 million and $339 million, a 10 percent and 58 percent increase, respectively, over the same periods of the prior year;

Realized adjusted EBITDA of $303 million during the second quarter and $666 million year-to-date during 2017, four percent and 19 percent higher than the second quarter and first half of 2016, respectively;

Recorded cash flow from operating activities of $362 million and $688 million for the three and six months ended June 30, 2017, an increase of 33 percent and 26 percent, respectively, from the same periods of the prior year. Adjusted cash flow from operating activities increased by 17 percent and 31 percent to $275 million and $583 million in the second quarter and first half of 2017 compared to the respective periods in 2016; and

On a per share (basic) basis during the three and six months ended June 30, 2017, cash flow from operating activities increased 29 percent and 21 percent, respectively, compared to the same periods of the prior year.

GB you still holding??

Regards to Pembina Pipeline's $9.7-billion (U.S.) deal to buy Veresen

JP Morgan analyst Jeremy Tonet noted that the Veresen deal brings assets that are profitable in the first year. "Veresen significantly bolsters Pembina's long-term growth profile and diversifies its geography, hydrocarbon mix and customer set," Mr. Tonet said in a note, reiterating his overweight recommendation and $52 price target. Pembina, which closed Monday at $44.22, remains his top pick after the company's second straight quarterly earnings beat. Mr. Tonet highlighted management's expectations for cash-flow-per-share growth of 8 to 10 per cent beyond 2020, and roughly 6-per-cent dividend growth. "We recommend Pembina for midstream investors in search of detox from over-levered balance sheets, energy investors looking for offense and defense, as well as generalist investors seeking quality income with visible growth," he said.

Yup another new high last week and more solid financial results


Highlights

Generated earnings of $466 million in 2016, a 15 percent increase over the prior year;
Adjusted EBITDA was $1,189 million during 2016, 21 percent higher than 2015;

Cash flow from operating activities was $1,077 million for 2016 compared to $801 million for 2015, an increase of 34 percent on an annual basis. Adjusted cash flow from operating activities increased by 12 percent to $986 million in 2016 compared to 2015;

On a per share (basic) basis, cash flow from operating activities increased 20 percent compared to the prior year;
Gas Services generated record quarterly and annual revenue volumes of 976 MMcf/d and 836 MMcf/d, respectively, in 2016, representing a quarterly increase of 61 percent and an annual increase of 27 percent;

Fourth quarter NGL sales volumes reached a record 164 mboe/d, a 33 percent increase compared to the respective period in 2015. For the full year, NGL sales volumes were a record 143 mboe/d, a 23 percent increase compared to 2015;

Conventional Pipelines' fourth quarter revenue volumes increased to 639 mbpd in 2016 compared to 621 mbpd in the fourth quarter of 2015. For the full year, Conventional Pipelines' revenue volumes were 650 mbpd compared to 614 mbpd in 2015; and

In 2016, Pembina added over 400 MMcf/d of additional processing capacity in its Gas Services business, increasing its total capacity to approximately 1.7 billion cubic feet per day. This was accomplished through the acquisition of the Kakwa River facility and expansions of the Company's Resthaven and Musreau facilities.

Loving this stock, just made new highs again last week and I bet that is not the end of it. Can't complain about those monthly cash injections in the account either. What do you think of Ron's new one Seaspan, sounds good and I am starting to get hooked on these dividend stocks

Pembina Pipeline Corp.'s board of directors has declared a common share cash dividend for January, 2017, of 16 cents per share to be paid, subject to applicable law, on Feb. 15, 2017, to shareholders of record on Jan. 25, 2017.

Kaching!!

Looks like more good news for Pembina $500 million in royalty credits to build a propylene plant business.financialpost.com/news/energy/a...ties?__lsa=4721-ef89

Check this out on Exxon, very interesting and the stock is not far off it's high, makes no sense at all

srsroccoreport.com/end-of-the-u-s-major-...ouble-at-exxonmobil/

Looks like a nice bounce up off support just above $37

The stock has come off, looks to me it should hold above $37.50. Not too worried about some gyration here when I am in around $30