inter pipeline globe and mail

"s": "TVC:USOIL+NYMEX:ICL1! Audience Relations, CBC P.O. "d": "Brent Crude"

In the second quarter of 2019, $287.1 million was invested in the Heartland Petrochemical Complex, with the total capital incurred on the project at approximately $1.6 billion. "We've always had in the back of our minds that some sort of portfolio management process would be attractive in terms of funding our large capital growth platforms, ever since we announced HPC," Bayle said on the call. The impact of any one assumption, risk, uncertainty or other factor on a particular forward-looking statement cannot be determined with certainty, as these are interdependent and Inter Pipeline's future course of action depends on management's assessment of all information available at the relevant time. Inter Pipeline continues to maintain a strong balance sheet with significant liquidity available on its committed revolving credit facility. Inter Pipeline Ltd. confirmed Friday afternoon it received a "proposal" to purchase the company, in a statement issued at the behest of regulators a few hours after executives refused to discuss the matter on a conference call with analysts. Oct 19, 2020 Inter Pipeline Announces Third Quarter 2020 Results Conference Call and Webcast { { { The executives did provide detail about a separate announcement Thursday after markets closed that the company is putting its European bulk petroleum storage business on the block — it has operations in the U.K., Denmark, Sweden, Germany, Netherlands and Ireland with about 37 million barrels of storage capacity. To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Inter reported record second-quarter net income of $260 million on Thursday, nearly double the $136 million it declared in the same period of 2018, with the increase mainly resulting from a one-time $144-million provision from the staged reduction in the Alberta corporate income tax rate from 12 to eight per cent by 2022. Box 500 Station A Toronto, ON Canada, M5W 1E6. { Inter Pipeline (OTCPK:IPPLF -0.5%) rejected a C$12.4B buyout offer from Hong Kong billionaire Li Ka-Shing's CK Infrastructure earlier this summer, The Globe and Mail … "plotLineColorGrowing": "rgba(61, 133, 198, 1)", View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2019/08/c9521.html. In the third quarter of 2019, Inter Pipeline has planned turnaround activities at ROF, Pioneer I and II offgas plants which coincide with turnarounds at the Suncor and Horizon upgraders. (Reuters) — Canada’s Inter Pipeline Ltd rejected a C$12.4 billion ($9.37 billion) buyout offer from Hong Kong billionaire Li Ka-Shing’s CK Infrastructure Holdings Ltd in July, the Globe and Mail reported late on Thursday, citing sources familiar with the two companies.

By the end of the second quarter more than 1,200 construction personnel were on site, and HPC construction activities continue to progress according to cost and schedule targets. Comments are welcome while open. Customer interest continues to improve, particularly in our Danish operations, and as a result, July utilization rates across all European terminals rose to 90 percent. "s": "INDEX:DJI", It earned record net income of C$260.3 million ($197.8 million) in the second quarter.

© Copyright 2020 The Globe and Mail Inc. All rights reserved. It said 1,200 construction workers were on site at the end of June building the project designed to convert cheap and plentiful Alberta propane into 525,000 tonnes per year of the plastic polypropylene. All market data (will open in new tab) is provided by Barchart Solutions. Shares of the company, which owns pipelines in Alberta and Saskatchewan as well as oil storage tanks in Canada and Europe, have risen about 16% since its August statement on the offer. "plotLineColorFalling": "#FF4A68", Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Inter Pipeline Announces New Conventional Oil Pipeline Project The Globe and Mail 8/7/2019 Inter Pipeline Ltd. to Host Earnings Call Forward-looking statements often contain terms such as "may", "will", "should", "anticipate", "expects" and similar expressions. ] Investors are cautioned that these non-GAAP financial measures should not be construed as alternatives to other measures of financial performance calculated in accordance with GAAP. While pipeline operations generated stable results, the eight percent decrease in funds from operations was due to lower frac-spread pricing in the NGL processing business. "belowLineFillColorGrowing": "rgba(60, 188, 152, 0.05)", It also said then it was not in talks to sell. In a research note, analyst Nate Heywood of AltaCorp Capital pointed out the European storage assets deliver implied annual adjusted earnings of $112 million and are listed by Inter as carrying a net book value of $1.2 billion and total asset value of $1.6 billion, suggesting the sale could relieve the company's reliance on a $1.2 billion credit facility. "title": "Indices", "d": "CAD/USD" Readers are cautioned not to place undue reliance on forward-looking statements, as such statements are not guarantees of future performance. On a morning conference call to discuss second-quarter results, both CEO Christian Bayle and chief financial officer Brent Heagy refused to answer analyst questions about the story. "d": "TSX Composite"

This will affect offgas sales volume in the quarter. { "gridLineColor": "#e9e9ea", Globe and Mail article, unnamed sources An article in the Globe and Mail on Thursday quoted unnamed sources as saying Inter had rejected a $30 per share cash offer from an unidentified bidder. Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL.TO) today announced strong financial and operating results for the three and six month periods ended June 30, 2019.

"s": "INDEX:TXCX", At 3 p.m. EDT, about an hour after its stock was halted from trading pending news, the Calgary-based midstream company issued a brief statement in response to a request from the Investment Industry Regulatory Organization of Canada, or IIROC, confirming the offer had been made, but giving no details about the date, price or the identity of the bidder. Forward-looking statements in this news release include, but are not limited to: (i) planned turnaround activities at the ROF, Pioneer I and II offgas plants; (ii) timing, cost and anticipated benefits of capital projects (including the Heartland Petrochemical Complex and pipeline that will connect Inter Pipeline's Throne Station on the Bow River pipeline system to its Central Alberta pipeline; and (iii) Inter Pipeline's ability to maintain its balance sheet, credit ratings, liquidity available on its committed revolving credit facility and current level of dividends to its shareholders. Canada’s Inter Pipeline Ltd rejected a C$12.4 billion ($9.37 billion) buyout offer from Hong Kong billionaire Li Ka-Shing’s CK Infrastructure Holdings Ltd in July, the Globe and Mail reported late on Thursday, citing sources familiar with the two companies.

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"s": "OANDA:NATGASUSD", "locale": "en", Detailed price information for Inter Pipeline Ltd (IPL-T) from The Globe and Mail including charting and trades. }, Inter Pipeline also maintains strong investment grade credit ratings. "tabs": [ "d": "TSX Energy" Inter Pipeline Fund Announces Very Strong Second Quarter 2013 Financial and Operating Results August 8, 2013 Inter Pipeline Fund Announces Transportation Agreement for Canadian Natural Resources Kirby South Oil Sands Project August 8, 2013 Inter Pipeline Fund … Volume on the Central Alberta pipeline system increased by 10 percent to 29,200 b/d due to new sweet crude batching activities that began in the second half of 2018. * Prices as of Previous Day Close. A Inter Pipeline will hold its second quarter 2019 financial and operating results conference call and webcast on August 9 at 9:00 a.m. MT (11:00 a.m. ] }, Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. Inter Pipeline had said previously that it had received a takeover bid in August without naming the buyer. Bow River volume increased by 15,200 b/d or 19 percent to 97,300 b/d primarily due to higher producer activity. COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER, Underground Construction Technology Conference, Sustainability Leadership Conference in Energy, Hong Kong Billionaire Offered $9.4 Billion for Canada's Inter Pipeline: Globe and Mail, Yes, Joe Biden Really Does Want to End the Oil and Gas Industry in America, Canada's Cenovus to Buy Husky for $2.9 Billion, Nord Stream 2 Pipe-Laying Vessel Nears Project Hub, Judge: Michigan Regulator Can Evaluate Enbridge Pipeline Tunnel Plan, IEnova Expects Mexican Export Permit for Costa Azul LNG This Year, Canada's Alberta to End Monthly Oil Production Curbs in December, Enterprise Abandons Texas Pipeline Project as Oil Prices Remain Weak, T.D. {

"s": "INDEX:JX", It earned record net income of C$260.3 million in the second quarter. In July 2019, a $110 million diluent and bitumen blend pipeline connection to Canadian Natural's Kirby North oil sands project was successfully placed into service.

© 2019 Pipeline & Gas Journal, © 2019 Gulf Publishing Holdings LLC. Inter Pipeline generated funds from operations of $240.2 million in the second quarter of 2019, compared to $261.5 million in the second quarter of 2018. Average sales volume from the Redwater Olefinic Fractionator (ROF) increased to 32,600 b/d in the second quarter, up 17 percent from 27,800 b/d in the same period of 2018. "s": "INDEX:CDNC", Contracted capacity increased by approximately 30,000 b/d and 8,000 b/d on Inter Pipeline's Cold Lake and Polaris pipeline systems, respectively. It also said then it was not in talks to sell. In its second-quarter results news release out Thursday, Inter reported spending $287 million on Heartland in the quarter to take total capital incurred so far to $1.6 billion. "showChart": true, Funds from operations in the second quarter of 2019 were $149.7 million, consistent with the second quarter of 2018. Inter Pipeline's payout ratio* for the quarter was 73.1 percent.

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