Pembina Pipeline Corporation - PBNAF stock
OTC Symbol: PBNAF | Related ticker symbols: TSX: PPL
About[edit]
Pembina Pipeline Corporation, headquartered in Calgary, Canada, provides energy transportation and midstream services through three distinct segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates various assets, including conventional, oil sands, and heavy oil pipelines with a transportation capacity of 2.8 million barrels of oil equivalent per day, as well as ground storage capacity of 11 million barrels and rail terminalling capacity of around 105 thousand barrels of oil equivalent per day, serving markets and basins across North America. The Facilities segment offers infrastructure that supplies customers with natural gas, condensate, and natural gas liquids (NGLs), encompassing ethane, propane, butane, and condensate; it includes 354 thousand barrels per day of NGL fractionation capacity, 21 million barrels of cavern storage capacity, and associated pipeline and rail terminalling facilities. Lastly, the Marketing & New Ventures segment engages in the purchase and sale of hydrocarbon liquids and natural gas originating from the Western Canadian sedimentary basin and other basins. Pembina Pipeline Corporation was established in 1954.[1]
History[edit]
Pembina Pipeline Corporation has a history that dates back to its founding in 1954. The company's origin can be traced to the establishment of Pembina Pipeline and Storage Ltd., which initially focused on providing pipeline and storage services for the oil and gas industry in Alberta, Canada. Over the years, the company expanded its operations and diversified its services. It became involved in the transportation of various energy products, including crude oil, natural gas, and natural gas liquids (NGLs). As the demand for energy transportation and midstream services grew, Pembina Pipeline Corporation continued to evolve and expand its infrastructure and assets.[2]
- ↑ Yahoo Finance. PBNAF Stock Profile. Retrieved on 11/26/2023.
- ↑ Pembina.com. About - History. Retrieved on 11/26/2023.
