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Pembina Pipeline says potential Trans Mountain purchase not a priority – Construct Connect

May 13, 2024

CALGARY, ALTA. – Exploring a potential purchase of the Trans Mountain oil pipeline is not a major priority right now for Pembina Pipeline Corp., the Calgary-based company said.

On a conference call with analysts to discuss first-quarter financial results, Pembina’s chief financial officer Cameron Goldade acknowledged the recent completion of the $34 billion Trans Mountain expansion, which marked its official opening last week.

But he reiterated Pembina’s previously stated stance that there are still too many questions surrounding the pipeline to support pursuing a purchase at this point.

“From our perspective, there still exists a tremendous amount of uncertainty around that asset. And so you know, frankly, nothing has changed from our prior messaging in terms of that as an investment opportunity,” Goldade said on Friday.

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