Earnings
September 27, 2020 - CSH.UN
New! Chartwell Retirement Residences REIT - Q2-2020 Earnings, Price Target Updat .....
September 25, 2020 - PKI
New! Parkland Fuel Corp. Q2-2020 Earnings, Price Target Update .....
September 24, 2020 - BRE
Bridgemarq Real Estate Services - Q2-2020 Earnings, Price Target Update .....
September 23, 2020 - SPB
Superior Plus Corp. - Q2-2020 Earnings & Price Target Update .....
September 20, 2020 - NFI
NFI Group Inc. Q2-2020 Earnings, Price Target Update .....
September 18, 2020 - CU
Canadian Utilities Ltd Q2-2020 Earnings, Price Target Update .....
September 15, 2020 - EMA
Emera Inc. - Q2-2020 Earnings, Price Target Update .....
September 14, 2020 - FTS
Fortis Inc. Q2-2020 Earnings, Price Target Update .....
Recommendation Changes
BRE, SPB, NTR, CNQ, SU, more...

Inter Pipeline Ltd - Q1-2020 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 $13.2B of assets as at Mar-31-2020 that includes 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-Oil Sands Pipelines, Conventional Pipelines, NGL Processing and Bulk Liquids Storage, 90% of income is from Canada. The Oil Sands Pipelines segment generates about 57% of funds from operations, NGL Extraction - 16%, Conventional Pipelines – 14% and the Bulk Liquids Storage - 13%. 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 approximately $6B of capital projects planned to come into service between 2020 and 2022, the largest being the Heartland polypropylene fractionator acquired with the Williams Co. acquisition with a budgeted completion cost of $4B.

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 completion is planned for late 2021. Once the Heartland Complex begins producing polypropylene in late 2021, if fully contracted it will provide $450 to $500M per year in long-term average annual EBITDA. The total project is forecast to cost $4B of which $2.5B has been spent to Mar-31-2020.

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


Login
Username
Password
New Issues & Acquisition
September 25, 2020
New! Coverage Universe - Weekly Price Change: Sept 18-25, 2020
September 18, 2020
Coverage Universe - Weekly Price Change: Sept 11-18, 2020
September 11, 2020
Coverage Universe - Weekly Price Change: Sept 4-11, 2020
September 4, 2020
Coverage Universe - Weekly Price Change: Aug 28-Sept 4, 2020
August 29, 2020
Coverage Universe - Weekly Price Change: Aug 21-28 , 2020
August 28, 2020
BSR REIT - 5% Convertible Debenture New Issue
August 26, 2020
ECN Capital Corp. 6% Redeemable Debentures New Issue
August 21, 2020
Coverage Universe - Weekly Price Change: Aug 14-21, 2020