Pembina Pipeline's Cedar LNG On Track For Final Investment Decision In June: Details
Portfolio Pulse from Lekha Gupta
Pembina Pipeline Corporation (NYSE:PBA) announced that its Cedar LNG project is on track for a final investment decision in June 2024. The project, a joint venture with Haisla First Nation, is expected to be completed in 2028 and produce 3.3 million tons of LNG annually. Pembina also expects significant growth from other projects and has approved a share buyback program. Investors can gain exposure to Pembina through the VanEck Energy Income ETF (NYSE:EINC).
May 17, 2024 | 3:11 pm
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Investors can gain exposure to Pembina Pipeline Corporation through the VanEck Energy Income ETF (NYSE:EINC).
The VanEck Energy Income ETF includes Pembina Pipeline Corporation, allowing investors to gain exposure to Pembina's growth prospects through this ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Pembina Pipeline Corporation's Cedar LNG project is on track for a final investment decision in June 2024. The project is expected to be completed in 2028 and produce 3.3 million tons of LNG annually. Pembina also expects significant growth from other projects and has approved a share buyback program.
The Cedar LNG project is a significant development for Pembina, expected to produce 3.3 million tons of LNG annually by 2028. The company's multi-year growth outlook and share buyback program are positive indicators for investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100