I rate Pembina Pipeline as a 'buy' due to strong dividends and recent earnings. Over 90% of EBITDA is secured by long-term, stable contracts, supporting reliable cash flow and dividend coverage. Pembina's history of strategic M&A has expanded its infrastructure and diversified its revenue streams.
Pembina's hybrid bonds offer a yield premium over regular bonds, but is it enough? Pembina preferred shares have rallied and are no longer attractive. We found the best opportunity in Pembina's covered calls, using long-dated calls for a strong margin of safety and an 8.71% yield.
Pembina Pipeline is a value and income play amid market uncertainty, given its 5.6% yield and below-peer average valuation. PBA's fee-based, diversified business model and investment-grade balance sheet support steady dividends and future growth. It's demonstrating rising volumes, and has a robust multi-billion project backlog.
Oil & Gas Midstream Industry | Energy Sector | J. Scott Burrows CEO | NYSE Exchange | 706327103 Cusip |
CA Country | 2,997 Employees | - Last Dividend | - Last Split | - IPO Date |