Here's all the ones I see as of today
* Pembina Pipeline : NBF raises price target to C$51 from C$49; rating outperform
* Pembina Pipeline : CIBC raises price target to C$48 from C$47; sector outperformer
* Pembina Pipeline : RBC raises target price to C$51 from C$48; rating outperform
* Pembina Pipeline : TD Securities raises target price to C$52 from C$49; rating buy
* Pembina Pipeline : FirstEnergy raises price target to C$50; rating market perform
virtually anything in midstream area... hmmm
@@@@@Kinder Morgan Inc. as a combined company would be able to make sizable acquisitions in the natural gas and crude oil pipeline and processing sector, Chief Executive Officer Rich Kinder told investors on a conference call on Monday. “We have such a broad platform, virtually anything in the midstream area would fit us,” Kinder said.
I'll let the expert analysts wake up, read the news, and crunch numbers on any buyout valuation. But I'd think 15% premium on the recent price would be the minimum for this gem... so yeah ~50 sounds good.
Hey black - When I read the article that was my first thoughts too. I'm guessing a lot of other investors are thinking the same with the big rebound pop in the price today. Lets say if he does buy pba what do you think the selling price would be. I'm guessing $49 to $51? I'm adding the projected price to a few extra dollars to sweeten the offer.
Me either, but they do have that oil pipeline running out to BC's west coast, so the acquisition of Canadian infrastructure assets might make sense and PBA is nicely positioned here in Canada. Looks like energy's got some exciting weeks and months ahead.
@@@@@Takeover Targets: The move signals a new round of dealmaking for the pipeline industry, which has seen growth rocket in the past five years as the shale boom has spread across North America, creating demand for more pipes in new locations to ship oil and gas to markets. The number of partnerships has multiplied rapidly because of demand from investors for cash payouts that beat debt yields. Looking ahead, Kinder's potential acquisition targets include more than 120 energy MLPs that have a combined enterprise value of $875 billion, according to the company's website presentation. The pipeline giant also has ample room to grow through new projects as expanding shale exploration and production spurs the need for $640 billion in new pipelines and storage tanks through 2035.
KMI announced a mega-merger that recombines various of its MLP's into a single entity. PBA is well-positioned to reap rewards of oil-sands and natgas development in Canada. It would not surprise me if it appeared on KMI's target list.
@@@@@Houston billionaire Richard Kinder is consolidating his pipeline empire to strengthen it for growth as the U.S. shale drilling boom opens up $1.5 trillion in potential purchases and expansion projects. Kinder Morgan Inc. plans to acquire all of Kinder Morgan Energy Partners LP (KMP) , Kinder Morgan Management LLC (KMR) and El Paso Pipeline Partners LP (EPB) in a series of transactions valued at about $44 billion, according to a statement yesterday. The move by Kinder, who controls the entities through his 24 percent stake in the parent company, runs counter to the industry trend of spinning off pipelines and oil terminals into tax-advantaged partnerships that funnel cash to investors. By simplifying his empire's corporate structure, Kinder will lower borrowing costs and unify the company under a single stock that he can use as currency to buy competitors.The consolidation will make it easier and more profitable for Kinder "to pursue expansion and acquisitions in a target-rich environment," the company said in a slide presentation published on its website yesterday.
Using daily chart as my guide, I time up individual trades with sharply vertical up or down line on chart and must draw the conclusion that this trade caused this movement. Not saying stock is volatile day to day or week to week. Just that small intra-day trades seem to create sharp vertical lines in daily chart.
I too have a great YOC, I haven't bothered to compute as I've dripped for years since PVX acquisition and on, however, since there is no 5% discount DRIP offered anymore, I've stopped the DRIP and will invest the cash elsewhere.
using the current dividend and what my average cost per share I'm getting north of 7.5% return. Only down side is that this stock and one other comprise 40% of my IRA holdings. But both are monthly dividend stocks with yields north of 7% of my average cost.
Another day and another new high. But one does have to wonder at what point does the dividends will effect future investors? PBA is 1/10th of what I have in my Money Market Acct. and I make more off the dividends from PBA in one month then I make off my MM Acct. for the whole year.
Anybody has any thoughts at what level the dividend rate can be to attract new investor. I'm guessing 3%.
Pembina's average daily volume traded on the NYSE for the past year was 144,000 shares. Also, since Pembina is a Canadian company, they predominately trade on the Toronto Stock Exchange (ticker: PPL) and has an average daily volume traded of 308,000 shares over the last year. Given that the combined daily volume average is almost 500,000 shares, trading 2,000 shares wouldn't impact the price.
Also, as far as price volatility of Pembina Pipeline Corporation, here are the largest daily price increases and decreases over the last year (July 2013 to July 2014):
Largest daily price increase over past year: 4.1%
Largest daily price decrease over past year: -2%
Toronto Stock Exchange: PPL
Largest daily price increase over past year: 2.9%
Largest daily price decrease over past year: -2.8%
Depending on how you define “volatile”, given that the largest price change (up or down) in Pembina’s stock price was less than a 5% change in any given day over the last year, I would use much caution in labeling that “PBA is a volatile stock for a top 1000 company”.