Pembina Pipelines moves into the natural gas liquids market
Pembina Pipelines [TSX:PPL] stock gained almost 4% last week on the news of its purchase of the Vantage pipeline, which would bring natural gas liquids from the Bakken shale to Alberta for use in chemical plants. The company has also announced construction of a new terminal in Portland, OR for the export of Canadian propane to Asian markets.
Pembina stock has gained 43% since the beginning of 2014, 360% in the past 5 years and over 750% in the past 10 years, including dividends. The stock currently yields a 3.4% dividend.