Pembina Pipeline (PPL) and TC Energy (TRP) announced a plan on Thursday to develop a world-scale carbon transportation and sequestration solution in Alberta. The Alberta Carbon Grid (ACG) will be able to transport over 20 million tonnes of CO2 per year, forming the backbone of Alberta's carbon capture utilization and storage industry. Pembina's President and CEO Mick Dilger said, "The ACG highlights our commitment to customers by helping them solve problems and creating new services; communities
Brookfield Infrastructure Partners on Friday revised its buyout offer for Inter Pipeline Ltd to include an option for an all-cash consideration, instead of a mix of cash and stock. Brookfield's revision comes as the investment firm tries to beat a rival bid from Pembina Pipeline Corp, which has been recommended by Inter's board. Pembina has an all-stock bid of about C$8.3 billion ($6.71 billion), while Brookfield had offered C$8.48 billion with 74% cash.
Pembina Pipeline (PBA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.