Michael Fitzsimmons
Oil & gas, dividend investing, research analyst

Pembina Pipeline Is Very Appealing Based On Long-Term Bullish Fundamentals

Pembina Pipeline (NYSE:PBA) is a leading Canadian energy transportation and services provider with a market capitalization of ~$15 billion and a total EV=$16.4 billion. The company pays a monthly dividend which currently equates to 3.6% annually. The stock trades on the Toronto Stock Exchange under the symbol "PPL" and on the NYSE as "PBA". According to a June presentation, the 10-year total return, including reinvested dividends, is 500% - a CAGR of 18%. Today we'll take a look at Pembina to see how it has achieved these stellar gains and, more importantly, if it can keep it up going forward.

Asset Base

(click to enlarge)

As can be seen from the graphic above, the majority of Pembina's...

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