$PBA

Cold Lake First Nations is challenging Canada's designation of the Pacific Link oil pipeline as a project of national interest, citing lack of consultation. The pipeline, a joint venture between Canada and Alberta, aims to export 1 million barrels per day to Asia. Indigenous communities are offered 10% ownership. Pembina Pipeline Corporation and Trans Mountain Corporation are involved in development.

Barclays raised its price target for Pembina Pipeline (TSE:PPL, NYSE:PBA) to Cdn$70.00 from Cdn$69.00, maintaining an Overweight rating. The firm expects Q3 2026 EBITDA of C$613M, below consensus. Pembina trades at a P/E of 19.79, has a market cap of $25.4B, and offers a 3.38% dividend yield. Barclays anticipates lower Cochin and Alliance contributions but expects Peace Pipeline growth. Pembina is evaluating Nipisi Pipeline expansions and will report earnings on October 29.

Pembina Pipeline Corp. (TSX: PPL; NYSE: PBA) declared quarterly dividends for its preferred shares, with payments ranging from $0.372 to $0.426. The company also announced it will release Q3 2026 results on Nov. 5, 2026, followed by a conference call. Pembina operates energy transportation and midstream services in North America.

Alberta's Pacific Link pipeline, designated as a national interest project, aims to transport 1M barrels/day to Asia. The $35.2B-$43.7B project, set for completion by 2032-33, is jointly owned by the federal government, Alberta, and Pembina Pipeline (PPL). Indigenous communities are offered a 10% stake. Local leaders express cautious optimism about jobs and economic benefits, while environmental concerns remain.

Canada is expediting a 1M bpd oil pipeline from Alberta to the Pacific, led by Trans Mountain Corp. and Pembina Pipeline. The project, estimated to cost C$35.2B-C$43.7B, aims to reduce dependence on the U.S. market and could generate C$20B in annual GDP. It requires regulatory approvals and Indigenous consultations.

Pembina Pipeline (TSX: PPL, NYSE: PBA) announced the Pacific Link pipeline project, a joint venture with Canadian and Alberta governments, was listed as a Project of National Interest. This designation streamlines regulatory approvals. Pembina holds a 10% stake, with an option to increase, and will evaluate further investment. The project aims to expand crude oil export capacity to global markets, with Indigenous engagement and environmental standards maintained.

The Pacific Link pipeline, a project of national interest, may start construction by September 2025. It will transport 1M barrels/day of crude oil to Vancouver, easing access to Asian markets. Costs are estimated between $35.2B and $43.7B. Trans Mountain Corporation and Alberta Petroleum Marketing Commission will co-develop it, with Indigenous groups and Pembina Pipeline Corporation also involved.

Prime Minister Mark Carney and Alberta Premier Danielle Smith will announce the next steps for a proposed West Coast pipeline, a project of national interest. Pembina Pipeline Corporation (PBA) is involved, with a 10% stake and an option to buy more. The pipeline, estimated to cost $35.2B-$43.7B, would transport crude oil from Alberta to British Columbia. Trans Mountain Corporation (TML) would lead construction.

Analysts from Barclays maintained Buy ratings on Solaris Energy Infrastructure (SEI) with a $90.00 target, Pembina Pipeline (PBA) with a C$69.00 target, and Hold on Chevron (CVX) with a $208.00 target. SEI and CVX have Strong Buy consensus ratings, while PBA has a Moderate Buy.

Major U.S. oil companies and asset managers like ExxonMobil, ConocoPhillips, KKR, and Apollo are investing in Canadian energy infrastructure, despite President Trump's rhetoric against Canada. They are avoiding Venezuela, with Exxon calling it 'uninvestable' and Conoco focusing on recouping past investments. Enbridge received a $2.7-billion investment for a B.C. natural gas pipeline expansion, while Imperial Oil plans to spend $2.2-billion on Canadian operations. The U.S. imported $160-billion w