Pembina Pipeline (TSE:PPL) has released an update.
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Pembina Pipeline Corporation, through its joint venture Pembina Gas Infrastructure, has agreed to purchase a 50% stake in Whitecap Resources’ Kaybob Complex for CAD 420 million, and will support Whitecap’s Lator area development. This strategic partnership includes long-term take-or-pay agreements, boosting Pembina’s infrastructure utilization and enhancing its integrated service offerings across its value chain. The deal is expected to close in Q3 2024, subject to regulatory approvals.
For further insights into TSE:PPL stock, check out TipRanks’ Stock Analysis page.
