Pembina Pipeline Corp (PBA): 1 Canadian High-Yielder You Should Consider

• Expand the currently maxed-out Peace Pipeline to 250,000 barrels per day.
• Complete construction of full-service terminal at Judy Creek, Alberta, by April.
• Spend $120 million on a two-phase NGL system expansion.
• Develop and expand crude oil storage and terminals, including oil-by-rail on-loading potential.

Pembina plans to spend $965 million on capital growth projects in 2013. It is the largest capital spending program in the company’s history. Much of the work is dedicated to expanding facilities and increasing efficiency across the Pembina footprint. Over the next two years, Pembina will point close to $2 billion at projects that generate fee-based revenue. That stable income will go a long way in ensuring an equally stable dividend.

Foolish takeaway
Pembina may not have the name recognition of TransCanada or Enbridge, but given the public relations battle that those companies are fighting right now, that may not be such a bad thing. This crude oil and NGL-focused midstream may be able to post solid growth without dealing with public opposition or backlash — a rare find indeed.

The article 1 Canadian High-Yielder You Should Consider originally appeared on Fool.com.

Fool contributor Aimee Duffy has no position in any stocks mentioned. Click here to see her holdings and a short bio. If you have the energy, follow her on Twitter, where she goes by @TMFDuffy.The Motley Fool recommends and owns shares of Kinder Morgan.

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