Record Oil Sands Volumes Fuel Inter Pipeline
No-moat Inter Pipeline reported fourth-quarter adjusted funds from operations of CAD 268 million, a 5% increase from the year-ago period and not materially different from our expectations. The increase was driven by increased delivery to the Foster Creek, Kearl, and Sunrise oil projects. Total oil sands throughput volumes increased by 39 thousand barrels of oil equivalent per day to 1,212 mboe/d in the quarter for the same reasons as the increased adjusted funds from operations. Increased oil sa...
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