The International Energy Agency estimates that "total oil and natural gas demand is expected to increase 16% by 2040, supplying 52% of the world’s energy needs. Energy demand will be driven by a 19% increase in the world’s population and rising per capita energy use, supporting improved global living standards. This security yields 6.65% and pays monthly, and issues a 1099 at tax time. It has strong 1.65X coverage. Its debt is rated BBB stable, investment grade by Morningstar and S&P.
Calgary, Canada,-based Pembina Pipeline Corporation (PBA) provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. PBA is a member of the Toronto Exchange 60 Index, and has paid approximately $9.5 billion in dividends since inception.
Source: Seeking Alpha
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Posted by D4L | Friday, May 14, 2021 | ArticleLinks | 0 comments »________________________________________________________________
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