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Provident Energy Ltd. Message Board

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  • phoenix773 phoenix773 Jan 16, 2012 7:03 PM Flag

    Will Pembina trade on NYSE??? or just TO

    vic
    I trade on the Toronto exchange under the symbol PPL. I also have a broker who is on the TSX, not some BS like Fidelity running the OTC and calling it the canadian market.

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    • • Pembina to increase monthly dividend rate from $0.130 to $0.135 per share upon
      acquisition close
      • Pembina will be the surviving entity with a combined executive team from both
      Pembina and Provident management
      • Pembina will assume all the rights and obligations of Provident’s unsecured
      subordinated debentures
      o 5.75% maturing December 31, 2017
      o 5.75% maturing December 31, 2018
      • Provident will suspend its premium dividend reinvestment plan
      • Major near-term projects include:
      o Saturn and Resthaven liquids extraction facilities
      o Peace NGL pipeline expansion
      o Redwater liquids storage development
      o Redwater fractionator capacity expansion
      • Pro forma 2011 senior debt to EBITDA at approximately 2.4x
      • $100 million break fee
      o Pembina has the right to match any competing offers
      • Required approvals:
      o Canadian Competition Act
      o 66.67% approval from Provident shareholders
      o >50% approval from Pembina shareholders
      o Other customary approvals
      • Pembina intends to list on the NYSE