Thursday, April 15, 2021

New purchase : Pembina Pipeline Corporation

New position in portfolio started with purchase of 16 shares of Pembina Pipeline Corporation (TSE:PPL).

Pembina Pipeline Corp is a Canada-based transportation and midstream service provider. The Company owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. The Company’s integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina Pipeline Corp is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.

Pembina Pipeline Corp pays dividend monthly and my starting yield on cost is 6.92%

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