Impact: Neutral to slightly negative. Pembina's 2Q16 performance was marginally below most estimates but down y/y, despite improved volumes. The low commodity prices continue to be the area of weakness for Pembina, though the Company is committed to employing long-term, fee-for-service contracts on its current and future assets to limit exposure. Year to date, the company has placed over $1 bn of new assets into service, including the RFS II fractionator, the Musreau III gas plant and the Res ....