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Pembina Pipeline renews share repurchase program

Stock Buybacks theme with US shipping port

Melpomenem/iStock via Getty Images

  • Pembina Pipeline (NYSE:PBA) announced that the Toronto Stock Exchange approved the renewal of Pembina's normal course issuer bid to purchase up to 5% of its outstanding shares.
  • As of Feb. 28, 2022, Pembina had 550.4M shares outstanding and is, therefore, permitted to

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Comments (3)

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I'm not sure I like this they are purchasing when both oil and share prices are high they should have started the repurchase program in November 2020 imo
@aussyspitz I don't disagree but the shares yield 5.5% and the debt yields 3.8%. They save cashflow from buying common stock at least.
@aussyspitz Yes of course they should have known there was going to be a war involving the third largest oil producer and bought in November. Heck they should have been buying back shares in March 2020 during Covid too.
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