Inter Pipeline Reports Second Quarter Results; Fair Value Estimate Unchanged
Inter Pipeline reported second-quarter adjusted funds from operations of CAD 232 million, a 10% increase from the year-ago period and in line with our expectations. Additionally, total oil sands throughput volumes increased almost 108.5 thousand barrels of oil equivalent per day to 1,121 mboe/d in the quarter. The increase in performance and throughput was primarily a result of higher volumes associated with the Foster Creek, Christina Lake, Kearl, and Sunrise oil sands projects.During the quar...
Inter Pipeline is engaged in the business of of petroleum transportation, bulk liquid storage and natural gas liquids (NGL) extraction through the ownership and operation of energy infrastructure assets in western Canada, the U.K., Denmark, Germany, Ireland and Sweden. Co. has four operating business segments that are reportable segments: the oil sands transportation business segment; the conventional oil pipelines business segment; the bulk liquid storage business segment; and the NGL extraction business segment.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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