|Bid||22.29 x 0|
|Ask||22.36 x 0|
|Day's Range||22.22 - 22.48|
|52 Week Range||18.60 - 25.42|
|Beta (3Y Monthly)||1.28|
|PE Ratio (TTM)||13.29|
|Earnings Date||Nov 7, 2019|
|Forward Dividend & Yield||1.71 (7.63%)|
|1y Target Est||25.53|
Shares of the company, which owns pipelines in Alberta and Saskatchewan as well as oil storage tanks in Canada and Europe, have risen about 16% since its August statement on the offer. Inter Pipeline's business of transporting and storing oil within Canada has been lucrative.
CALGARY , Sept. 4, 2019 /CNW/ - Empowering women to pursue careers in industrial trades is the objective of a new three-year partnership between Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) and Women Building Futures ("WBF"). Inter Pipeline is investing $580,000 to support WBF in raising awareness and providing pre-apprenticeship training to women in Alberta's Heartland area. "Women are generally underrepresented in construction and operations in our industry", said Christian Bayle , President and Chief Executive Officer of Inter Pipeline.
CALGARY , Aug. 30, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) announced today that it has fully drawn a new $500 million 1-year term credit facility (the "Term Facility"). Proceeds were used to partially repay amounts outstanding under its existing $1.5 billion revolving credit facility, which may be redrawn. The Term Facility is extendible and provides Inter Pipeline with approximately $1.2 billion of available capacity on its revolving credit facility, while reducing borrowing costs.
WINNIPEG, Manitoba/CALGARY, Alberta (Reuters) - A recent unsolicited bid for Inter Pipeline Ltd has highlighted the potential of Canada's midstream companies to offer insulation from volatile oil prices. Inter Pipeline, Pembina Pipeline Corp and Keyera Corp own key infrastructure such as gathering pipelines, gas-processing plants and storage tanks that are in high demand, and reported record second quarter profits.
Certain information contained herein may constitute forward-looking statements that involve known and unknown risks, assumptions, uncertainties and other factors. Readers are cautioned not to place undue reliance on forward-looking statements. Such statements reflect the current views of Inter Pipeline with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause the results of Inter Pipeline to differ materially from those expressed in the forward-looking statements.
Canada's Inter Pipeline Ltd confirmed on Friday it received an unsolicited takeover bid, but said it was not in talks to sell. Inter Pipeline's shares were halted on Friday, after a two-day rally sparked by a report of an offer for the oil pipeline and storage company. In a statement, the company said it was confirming the offer at the request of the Investment Industry Regulatory Organization of Canada (IIROC).
Inter Terminals is one of the largest independent bulk liquid storage businesses in Europe with operations in the United Kingdom , Denmark , Sweden , Germany , Netherlands and Ireland . This process is not expected to have an impact on Inter Terminals operations which are continuing in the ordinary course. Inter Pipeline does not intend to comment further with respect to this process unless and until it determines that additional disclosure is appropriate in the circumstances and in accordance with the requirements of applicable securities laws.
CALGARY , Aug. 7, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) announced today that it has received commercial support for the construction of a $100 million pipeline connection between its Bow River and Central Alberta pipeline systems. The new pipeline, called the Viking Connector, will link various grades of light crude oil from the Viking and Mannville formations in east-central Alberta to the Edmonton market hub. This $100 million investment is the second phase of a multi-phased development program for the Central Alberta pipeline system.
CALGARY , July 4, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (IPL.TO) announced today that it successfully placed into service a diluent and bitumen blend pipeline connection to Canadian Natural's Kirby North oil sands project. Forward-looking statements often contain terms such as "may", "will", "should", "anticipate", "expects" and similar expressions.