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Inter Pipeline Ltd (IPL.TO)

IPL.TO on Toronto Stock Exchange

24.56CAD
16 Aug 2018
Change (% chg)

$0.25 (+1.03%)
Prev Close
$24.31
Open
$24.43
Day's High
$24.62
Day's Low
$24.43
Volume
1,097,550
Avg. Vol
925,878
52-wk High
$27.92
52-wk Low
$21.36

Latest Key Developments (Source: Significant Developments)

Inter Pipeline Q1 FFO Per Share C$0.67
Monday, 7 May 2018 

May 7 (Reuters) - Inter Pipeline Ltd ::INTER PIPELINE ANNOUNCES STRONG FIRST QUARTER 2018 FINANCIAL AND OPERATING RESULTS.Q1 FFO PER SHARE C$0.67.Q1 FFO PER SHARE VIEW C$0.63 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL PIPELINE THROUGHPUT VOLUMES AVERAGED 1,488,400 BARRELS PER DAY.  Full Article

Grace Licenses Unipol PP Process Technology To Inter Pipeline
Tuesday, 24 Apr 2018 

April 24 (Reuters) - W. R. Grace & Co ::GRACE LICENSES UNIPOL® PP PROCESS TECHNOLOGY TO INTER PIPELINE.W. R. GRACE & CO - LICENSED ITS UNIPOL PP PROCESS TECHNOLOGY TO INTER PIPELINE LTD. FOR HEARTLAND PETROCHEMICAL COMPLEX LOCATED IN ALBERTA.  Full Article

Inter Pipeline Announces $900 Mln Capital Expenditure Program For 2018
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Inter Pipeline Ltd ::INTER PIPELINE ANNOUNCES CAPITAL EXPENDITURE PROGRAM FOR 2018.$900 MILLION CAPITAL EXPENDITURE PROGRAM FOR 2018.ABOUT $820 MILLION, OR 91 PERCENT OF TOTAL CAPITAL EXPENDITURES WILL BE FOR ORGANIC GROWTH INITIATIVES IN 2018.SUSTAINING CAPITAL EXPENDITURES IN 2018 ARE EXPECTED TO TOTAL $80 MILLION.INTER PIPELINE - FUNDING FOR 2018 CAPITAL PROGRAM EXPECTED TO BE PROVIDED THROUGH EXISTING $1.5 BILLION COMMITTED CREDIT FACILITY, AMONG OTHERS.SAYS ‍EXPECTS TO INVEST APPROXIMATELY $110 MILLION IN ITS OIL SANDS TRANSPORTATION BUSINESS IN 2018​.  Full Article

Inter Pipeline announces increase to monthly cash dividend
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Inter Pipeline Ltd :Inter Pipeline announces increase to monthly cash dividend.Inter Pipeline Ltd - ‍announced that board has approved a 3.7 percent increase to its monthly cash dividend from $0.135 per share to $0.14 per share​.  Full Article

Inter Pipeline posts Q3 FFO per share c$0.72
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Inter Pipeline Ltd :Inter Pipeline announces record third quarter 2017 financial results.Q3 FFO per share c$0.72.Inter Pipeline Ltd - ‍total pipeline throughput volumes averaged 1,359,100 barrels per day in Q3​.  Full Article

Inter Pipeline's Mid Saskatchewan crude line back to normal - company
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Inter Pipeline Ltd :Says power returned to Mid Saskatchewan crude pipeline system, operations back to normal.  Full Article

Inter Pipeline says to buy remaining interest in Cold Lake pipeline system
Monday, 12 Dec 2016 

Inter Pipeline Ltd : Deal for $527.5 million . As a result of deal, inter pipeline will own 100% of cold lake pipeline system . Inter pipeline-long-term take-or-pay agreement to trigger construction of new $125 million pipeline connection to kirby north production facility . Inter pipeline - deal is immediately accretive to inter pipeline's ffo per share and fully consolidates ownership of cold lake pipeline system . Inter pipeline - also, co to enter long-term take-or-pay deal with canadian natural to transport diluent, bitumen blend for kirby north sagd oil sands project .Inter pipeline to acquire remaining interest in the cold lake pipeline system and announces new oil sands transportation agreement.  Full Article

Canadian Natural Resources announces sale of stake in the Cold Lake Pipeline
Monday, 12 Dec 2016 

Canadian Natural Resources Ltd : Canadian natural resources ltd - upon closing of transaction company will receive gross proceeds of $350 million in cash . Canadian natural resources - expects to record an after-tax gain on disposition of approximately $200 million, based upon preliminary value allocations . Canadian natural resources - transaction consists of monetization of co's entire 15% interest of cold lake pipeline, 14.7% interest in cold lake limited partnership . Canadian natural resources-upon closing of deal co will receive 6.4 million common shares of inter pipeline at an ascribed value of $177.5 million . Canadian natural resources - after completion of sale, co will retain access to cold lake pipeline system for portions of company's crude oil volumes .Canadian natural resources limited announces the sale of its ownership interest in the cold lake pipeline.  Full Article

Inter pipeline announces October 2016 cash dividend, reinstatement of premium dividend
Wednesday, 5 Oct 2016 

Inter Pipeline Ltd : Inter Pipeline announces October 2016 cash dividend and reinstatement of premium dividend . Sets october cash dividend of C $0.13 per share . Re-Instated premium component of its premium dividend and dividend reinvestment plan .Additional common shares will be issued from treasury at a 3% discount to average market price on applicable dividend payment date.  Full Article

Enbridge receives bids as high as C$4.5 bln for Canada midstream assets -sources

TORONTO/NEW YORK, May 9 Enbridge Inc has received higher-than-expected bids for the Canadian midstream assets it is selling as part of its debt-reduction efforts, with initial bids valuing the portfolio as high as as C$4.5 billion ($3.5 billion), people familiar with the situation told Reuters.