Pembina Pipeline (NYSE:PBA) Downgraded by Zacks Investment Research to “Hold”
Zacks Investment Research downgraded shares of Pembina Pipeline (NYSE:PBA) (TSE:PPL) from a buy rating to a hold rating in a research note issued to investors on Thursday, Zacks.com reports.
According to Zacks, “Pembina Pipeline Corporation operates as an energy transportation and service provider. The Company operates in four segments; Conventional Pipelines, Oil Sands & Heavy Oil, Midstream & Marketing, and Gas Services. The Conventional Pipelines segment operates a pipeline network that transports crude oil, condensate, and natural gas liquids in Alberta and British Columbia. The Oil Sands & Heavy Oil segment owns and operates pipelines which deliver synthetic crude oil produced from oil sands. The Midstream & Marketing segment offers storage, terminal, and hub servi ...