| Over a week ago | ||||
Raymond James analyst… Raymond James analyst Chris Cox raised the firm's price target on Pembina Pipeline to C$49 from C$45 and keeps a Market Perform rating on the shares. | ||||
Previously C$3.45B-… Previously C$3.45B- C$3.6B. | ||||
Reports Q2 revenue… Reports Q2 revenue C$3.095B vs. C$1.9B a year ago. | ||||
Pembina Pipeline (PBA)… Pembina Pipeline (PBA) announced that the Canadian Competition Bureau has issued a no-action letter for the joint venture transaction announced on March 1, 2022, between Pembina and KKR (KKR) to combine their respective western Canadian natural gas processing assets into a single, new joint venture entity. Issuance of the no-action letter allows Pembina and KKR to proceed with next steps on closing the Transaction, which is expected to occur in August 2022 subject to the satisfaction of the remaining conditions. Pursuant to an agreement with the Competition Bureau, and consistent with Pembina's and KKR's intention to divest upon announcing their joint venture, Pembina and KKR's global infrastructure funds will divest the 50%, non-operated interest in the Key Access Pipeline System which will be contributed into Newco as part of the Transaction. | ||||
| Over a month ago | ||||
Canaccord analyst John… Canaccord analyst John Bereznicki raised the firm's price target on Pembina Pipeline to C$56 from C$54 and keeps a Buy rating on the shares. | ||||
| Over a quarter ago | ||||
National Bank analyst… National Bank analyst Patrick Kenny raised the firm's price target on Pembina Pipeline to C$48 from C$45 and keeps a Sector Perform rating on the shares. | ||||
RBC Capital analyst… RBC Capital analyst Robert Kwan raised the firm's price target on Pembina Pipeline to C$58 from C$49 and keeps an Outperform rating on the shares. | ||||
TD Securities analyst… TD Securities analyst Linda Ezergailis raised the firm's price target on Pembina Pipeline to C$54 from C$50 and keeps a Buy rating on the shares. | ||||
BMO Capital analyst Ben… BMO Capital analyst Ben Pham raised the firm's price target on Pembina Pipeline to C$55 from C$54 and keeps an Outperform rating on the shares. | ||||
Raymond James analyst… Raymond James analyst Chris Cox raised the firm's price target on Pembina Pipeline to C$50 from C$49.50 and keeps a Market Perform rating on the shares. | ||||
