Pembina Strikes Major Deal To Boost Oil And Gas Infrastructure: Details
Portfolio Pulse from Lekha Gupta
Pembina Pipeline Corporation's joint venture, Pembina Gas Infrastructure Inc. (PGI), has reached a significant agreement with Veren Inc. to acquire oil batteries in Canada for CAD$400 million. This deal is expected to enhance Pembina's infrastructure and generate substantial EBITDA. The acquisition is set to close in Q4 2024.
September 09, 2024 | 4:27 pm
News sentiment analysis
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POSITIVE IMPACT
VanEck Energy Income ETF provides exposure to Pembina Pipeline Corporation, which is involved in a significant acquisition deal expected to enhance infrastructure and generate EBITDA.
EINC provides exposure to Pembina, which is involved in a significant acquisition deal, potentially benefiting the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
KKR & Co., as a joint owner of PGI, is involved in the acquisition deal with Veren Inc., which enhances PGI's infrastructure and is expected to generate significant EBITDA.
KKR, as a joint owner of PGI, benefits from the acquisition, which is expected to enhance infrastructure and generate EBITDA, potentially positively impacting KKR's stock.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Pembina Pipeline Corporation's joint venture, PGI, has agreed to acquire oil batteries from Veren Inc. for CAD$400 million, enhancing its infrastructure and expected to generate CAD$50 million in annual EBITDA.
The acquisition of oil batteries is a strategic move to enhance Pembina's infrastructure, expected to generate significant EBITDA, positively impacting PBA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100