Pembina Pipeline (PBA) Updates on Progress Within Midstream Business
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Pembina Pipeline Corporation Provides Business Update
March 18, 2016 7:30 AM EDTCALGARY, March 18, Â 2016 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to provide 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. ... More
Pembina Pipeline Corporation Announces $300 Million Bought Deal Financing
March 17, 2016 4:38 PM EDTCALGARY, ALBERTA -- (Marketwired) -- 03/17/16 -- All financial figures are in Canadian dollars.
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL)(NYSE: PBA) announced today 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... More
Pembina Pipeline Corporation Announces Acquisition of Strategic Midstream Assets for $556 Million and a Dividend Increase
March 17, 2016 4:07 PM EDTCALGARY, March 17, 2016 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce 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... More
