11:07 AM EDT, 09/10/2024 (MT Newswires) -- National Bank of Canada in a Monday note maintained its sector-perform rating on the shares of Pembina Pipeline ( PBA ) and its $57.00 price target.

Pembina's Pembina Gas Infrastructure unit on Monday agreed to acquire Veren ( VRN ) 's Gold Creek and Karr area oil batteries in Alberta for $400 million.

"While solidifying its partnership with Veren ( VRN ), PPL has simplified and extended legacy agreements while acquiring additional assets, all underpinned by 15 year take-or-pay and area-dedication agreements while eliminating future non-revenue generating capital obligations," the bank said.

Price: 55.37, Change: -0.16, Percent Change: -0.29