Earnings
June 26, 2019 - CRR.UN
New! Crombie REIT - Q1-2019, Price Target Update .....
June 23, 2019 - PEGI
Pattern Energy Group - Q1-2019 Earnings & Price Target Update .....
June 21, 2019 - PL
Pinnacle Renewable Energy Inc. Q1-2019 Earnings, Price Target Forecast .....
June 20, 2019 - DIR.UN
Dream Industrial REIT - Q1-2019 Earnings, Price Target Update .....
June 19, 2019 - BTB.UN
BTB REIT - Q1-2019 Earnings, Price Target Update .....
June 18, 2019 - PPL
Pembina Pipeline Corp. Q1-2019 Earnings & Price Target Update .....
June 15, 2019 - NVU.UN
Northview Apartment REIT - Q1-2019 Earnings, Price Target Update .....
June 14, 2019 - APR.UN
Automotive Properties REIT - Q1-2019 Earnings, Price Target Update .....
Recommendation Changes
MFC, EIF, DR, FTS, CPX, more...

Inter Pipeline Ltd - Q1-2019 Earnings - Price Target Update

This is only a sample of the article, please login to view the entire article

Inter Pipeline Ltd. (IPL) owns and operates $11.5B of assets that include pipelines and natural gas processing facilities located in Western Canada and bulk liquids storage facilities in the United Kingdom, Germany, Ireland and Denmark. They operate in four segments that include Oil Sands Pipelines, Conventional Pipelines, NGL Processing and Bulk Liquids Storage, 90% of income is from Canada. The Oil Sands Pipelines segment generates a 50% of funds from operations, NGL Extraction - 20%, Conventional Pipelines – 20% and the Bulk Liquids Storage - 10%. They gather 40% of production from the Canadian Oil Sands, transport 15% of conventional Canadian crude volumes, process 40% the natural gas exported from Alberta, and they are the 3rd largest independently owned tank storage business in Europe. They have $3.7B of capital projects planned to come into service between 2019 and 2021, the largest being the Heartland polypropylene fractionator acquired with the Williams Co. acquisition. There is another $3.8B of potential capital projects.

CAPITAL DEVELOPMENT

The signature capital project is the development and construction of the $3.5B Heartland Petrochemical Complex (HPC), which is located in Strathcona County, Alberta near their existing Redwater Olefinic Fractionator. Upon completion, HPC will be the first integrated propane dehydrogenation (PDH) and polypropylene (PP) facility of its kind in Canada and will convert low-cost, locally sourced propane into higher value polypropylene. The HPC construction timetable remains both on schedule and on budget, with total capital investment since inception to Dec-31-2018 of $1B. The completion is planned for late 2021.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
June 14, 2019
Coverage Universe - Weekly Price June 7-14, 2019
June 8, 2019
Coverage Universe - Weekly Price Change May 31 - June 7, 2019
June 4, 2019
Mullen Group Ltd, 5.75% Convertible Debenture New Issue
May 31, 2019
Coverage Universe - Weekly Price Change May 24-31, 2019
May 25, 2019
Coverage Universe - Weekly Price Change May 17-24, 2019
May 24, 2019
TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price June 7-14, 2019