Elsewhere in Energy, Pembina Pipeline (TSX:PPL, Financial) declined 15.1%, on broader weakness in the Energy sector during September. Pembina reported better than expected results, demonstrating the resilience of its contract-based business. The strong results were partially offset by weakness in its marketing segment, due to lower oil and gas volumes and slightly higher capital expenditures due to weather and COVID-19 disruptions.
From Leith Wheeler Canadian Equity (Trades, Portfolio)'s third-quarter 2020 review.
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