Pembina Pipeline (PBA) Raises Quarterly Dividend 4.9% to $0.16; 2.3% Yield

Pembina Pipeline (PBA) Updates on Progress Within Midstream Business

Pembina Pipeline Corporation (NYSE: PBA) provides an update regarding commissioning and other developments for projects within the Company's Midstream business.

Crude Oil Midstream

Pembina's crude oil midstream business continues to progress its Canadian Diluent Hub ("CDH"). CDH is expected to be the primary access point for Oilsands producers to source a significant and growing supply of domestically produced condensate, from the Montney, Deep Basin and Duvernay developments delivered from Pembina's Peace Pipeline and Redwater Fractionators. The Company has agreements in place for downstream connections to third-party diluent pipelines. The interconnections with multiple diluent... More

Pembina Pipeline (PBA) Enters Bought Deal Financing Arrangement Covering ~8.23M Common at $34/Share

All financial figures are in Canadian dollars.

Pembina Pipeline Corporation (NYSE: PBA) announced that it has entered into an agreement with a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase from Pembina on a "bought deal" basis and sell to the public 8,825,000 common shares at a price of $34.00 per share, for gross proceeds of approximately $300 million. Pembina has also granted the underwriters an over-allotment option to purchase, on the same terms and... More

Pembina Pipeline (PBA) to Acquire Sour Nat Gas Assets from Paramount Resources in $556M Deal; Boosts Dividend

Pembina Pipeline Corporation (NYSE: PBA) announced that it has entered into agreements to acquire certain sour natural gas processing assets (the "Acquired Assets") from Paramount Resources ("Paramount") for cash consideration of approximately $556 million, subject to customary closing adjustments (the "Transaction").

Transaction Highlights

The Acquired Assets include Paramount's recently constructed Kakwa sour natural gas processing complex and associated infrastructure including gas gathering pipelines, sales gas pipeline and future disposal wells (the "Kakwa Assets"); and Paramount's preliminary engineering studies, licenses and surface rights for the future construction of a sour natural gas processing facility (the... More

Pembina Pipeline (PBA) Says Interim Stay Granted on Phase III Pipeline Expansion Litigation

Pembina Pipeline Corporation (NYSE: PBA) announced that the Alberta Court of Queen's Bench has granted an order that stays, on an interim basis, the Alberta Energy Regulator ("AER") from issuing its written hearing decision on the Company's Fox Creek to Namao, Alberta expansion pipeline project.

The interim stay was granted following a last minute application made by the Alexander First Nation ("Alexander") for orders requesting an injunction of the AER decision process or preventing the AER from issuing its written hearing decision for the... More