Pembina has been my favored pipeline for the most part. The company has been one of the better operated and more efficient pipelines out of the bunch.
It was a former Bull List stock I took off in the low $50 range a while back because I felt it was fully valued. But it is getting a bit more attractive now.
It is currently one of the cheaper pipelines in the country, and this might be because the company reported a bit of a soft quarter last week. However, I'm not overly concerned. I do expect some pressure on the pipelines moving forward as oil continues to face some pressure. Although they aren't directly exposed to the pricing environment like a producer it still impacts them.
I don't think you can go wrong holding any of them, especially the majors like Enbridge and TC Energy. But there is no doubt Pembina is looking the most attractive from a valuation perspective.