Pembina Pipeline is a Calgary-based transportation and midstream service provider serving North America's energy industry. Co. has three operating segments: Pipelines, which provides customers with pipeline transportation, terminalling, storage and rail services in main market hubs in Canada and the U.S. for crude oil, condensate, natural gas liquids (NGL) and natural gas; Facilities, which includes infrastructure that provides Co.'s customers with natural gas, condensate and NGL services; and Marketing and New Ventures, which provides hydrocarbon liquids and natural gas originating in the basins where Co. operates. We show 9 historical shares outstanding datapoints in our PBA shares outstanding history coverage, used to compute PBA market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing PBA market cap history over the course of time is important for investors
interested in comparing PBA's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of PBA versus a peer is one thing; comparing
PBA market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like PBA can fluctuate over the course of history.
With this page we aim to empower investors researching PBA by allowing them to research the PBA market cap history. |
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Video: The Importance of Market Cap
