Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
INTER PIPELINE FUND (CA), a company active in the Pipelines industry, now shows a lower overall rating. The independent financial analyst theScreener just confirmed the fundamental rating of 3 stars out of 4, as well as the stock market behaviour of the title as moderately risky. However, environmental deterioration penalises the general evaluation, which is downgraded to Neutral. As of the analysis date July 9, 2021, the closing price was CAD 20.12 and its expected value was estimated at CAD 19...
A director at Inter Pipeline Ltd sold/bought 43,748 shares at 6.639CAD and the significance rating of the trade was 83/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two year...
After taking a fresh look at Inter Pipeline’s first-quarter results, we are lowering our fair value estimate to CAD 24 from CAD 25 and maintaining our no-moat rating. Our lower fair value is driven by our decreased near-term outlook for the company’s oil sands and conventional pipelines as a result of Alberta’s production cuts. Despite the lower fair value, we still see 15% upside in the stock. Overall, Inter Pipeline is in a strong position to benefit from the growing oil sands production...
Inter Pipeline is a transportation and midstream service provider in Canada and Europe. It owns and operates a system of pipelines that transport blended bitumen and diluent from producing oil sands projects. Supplementing the oil sands pipelines are the company’s conventional oil pipelines, natural gas liquids extraction, and bulk liquid storage businesses. The long-term cost-of-service contracts on the oil sands infrastructure afford the company stable cash flows regardless of the commodity ...
No-moat Inter Pipeline reported first-quarter results that missed our expectations, with adjusted funds from operations of CAD 212 million, down 17% from the year-ago period and 23% sequentially. The decreased performance was driven by lower volumes on the company’s oil sands and conventional crude pipelines and lower performance from the natural gas liquids processing business. Total oil sands throughput averaged 1.2 million barrels of oil per day, down 6% from the year-ago ago quarter and 1%...
After taking a fresh look at Inter Pipeline’s first-quarter results, we are lowering our fair value estimate to CAD 24 from CAD 25 and maintaining our no-moat rating. Our lower fair value is driven by our decreased near-term outlook for the company’s oil sands and conventional pipelines as a result of Alberta’s production cuts. Despite the lower fair value, we still see 15% upside in the stock. Overall, Inter Pipeline is in a strong position to benefit from the growing oil sands production...
No-moat Inter Pipeline reported first-quarter results that missed our expectations, with adjusted funds from operations of CAD 212 million, down 17% from the year-ago period and 23% sequentially. The decreased performance was driven by lower volumes on the company’s oil sands and conventional crude pipelines and lower performance from the natural gas liquids processing business. Total oil sands throughput averaged 1.2 million barrels of oil per day, down 6% from the year-ago ago quarter and 1%...
No-moat Inter Pipeline reported first-quarter results that missed our expectations, with adjusted funds from operations of CAD 212 million, down 17% from the year-ago period and 23% sequentially. The decreased performance was driven by lower volumes on the company’s oil sands and conventional crude pipelines and lower performance from the natural gas liquids processing business. Total oil sands throughput averaged 1.2 million barrels of oil per day, down 6% from the year-ago ago quarter and 1%...
Inter Pipeline is a transportation and midstream service provider in Canada and Europe. It owns and operates a system of pipelines that transport blended bitumen and diluent from producing oil sands projects. Supplementing the oil sands pipelines are the company’s conventional oil pipelines, natural gas liquids extraction, and bulk liquid storage businesses. The long-term cost-of-service contracts on the oil sands infrastructure afford the company stable cash flows regardless of the commodity ...
No-moat Inter Pipeline reported fourth-quarter results that generally met our expectations, with adjusted funds from operations of CAD 273 million, a 2% increase from the year-ago period but down 9% sequentially. The decreased sequential performance was driven by lower volumes on the company’s conventional crude pipelines and the widening of the heavy oil differential that negatively affected marketing activities. Total oil sands throughput averaged 1.216 million barrels of oil per day, flat f...
No-moat Inter Pipeline reported fourth-quarter results that generally met our expectations, with adjusted funds from operations of CAD 273 million, a 2% increase from the year-ago period but down 9% sequentially. The decreased sequential performance was driven by lower volumes on the company’s conventional crude pipelines and the widening of the heavy oil differential that negatively affected marketing activities. Total oil sands throughput averaged 1.216 million barrels of oil per day, flat f...
No-moat Inter Pipeline reported fourth-quarter results that generally met our expectations, with adjusted funds from operations of CAD 273 million, a 2% increase from the year-ago period but down 9% sequentially. The decreased sequential performance was driven by lower volumes on the company’s conventional crude pipelines and the widening of the heavy oil differential that negatively affected marketing activities. Total oil sands throughput averaged 1.216 million barrels of oil per day, flat f...
Canada’s oil supply continues to surpass expectations, and aided by technological advancements, namely solvent-assisted technology, there is no shortage of economic growth opportunities. But pipelines are operating at maximum capacity, leaving few options to move new supply out of the country. To make matters worse, needed expansion projects continue to hit road bumps. With limited market access, Canadian crude sold at record lows during the fourth quarter of 2018. To combat low prices, Canada...
Inter Pipeline is a transportation and midstream service provider in Canada and Europe. It owns and operates a system of pipelines that transport blended bitumen and diluent from producing oil sands projects. Supplementing the oil sands pipelines are the company’s conventional oil pipelines, natural gas liquids extraction, and bulk liquid storage businesses. The long-term cost-of-service contracts on the oil sands infrastructure afford the company stable cash flows regardless of the commodity ...
No-moat Inter Pipeline reported third-quarter results that generally exceeded our expectations. The company reported adjusted funds from operations of CAD 300 million an 11% increase from the year-ago period and up 15% sequentially. Increased performance was driven by strong performance from the natural gas liquids processing business, which benefited from increased production volumes and frac-spread pricing, and increased oil sands pipeline transportation volumes. Total oil sands throughput ave...
No-moat Inter Pipeline reported third-quarter results that generally exceeded our expectations. The company reported adjusted funds from operations of CAD 300 million an 11% increase from the year-ago period and up 15% sequentially. Increased performance was driven by strong performance from the natural gas liquids processing business, which benefited from increased production volumes and frac-spread pricing, and increased oil sands pipeline transportation volumes. Total oil sands throughput ave...
No-moat Inter Pipeline reported third-quarter results that generally exceeded our expectations. The company reported adjusted funds from operations of CAD 300 million an 11% increase from the year-ago period and up 15% sequentially. Increased performance was driven by strong performance from the natural gas liquids processing business, which benefited from increased production volumes and frac-spread pricing, and increased oil sands pipeline transportation volumes. Total oil sands throughput ave...
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