Pembina Pipeline buys Alberta working interests from Whitecap in C$252M deal

seekingalpha2024-07-02

Pembina Pipeline (NYSE:PBA) said Tuesday it agreed to acquire a 50% working interest in Whitecap Resources' (OTCPK:SPGYF) Kaybob complex in Alberta and executed an agreement to support the future ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2448156010?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/640322960/image_640322960.jpg","is_english":true,"pubTime":"2024-07-02 19:15","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2448156010","market":"fut","top_or_hot":-1,"title":"Pembina Pipeline buys Alberta working interests from Whitecap in C$252M deal","media":"seekingalpha","content":"<div>\n<p>Pembina Pipeline (NYSE:PBA) said Tuesday it agreed to acquire a 50% working interest in Whitecap Resources' (OTCPK:SPGYF) Kaybob complex in Alberta and executed an agreement to support the future ...</p>\n\n<a href=\"https://seekingalpha.com/news/4121528-pembina-pipeline-buys-working-interests-from-whitecap-resources-in-c252m-deal\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pembina Pipeline buys Alberta working interests from Whitecap in C$252M deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPembina Pipeline buys Alberta working interests from Whitecap in C$252M deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-02 19:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4121528-pembina-pipeline-buys-working-interests-from-whitecap-resources-in-c252m-deal><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Pembina Pipeline (NYSE:PBA) said Tuesday it agreed to acquire a 50% working interest in Whitecap Resources' (OTCPK:SPGYF) Kaybob complex in Alberta and executed an agreement to support the future ...</p>\n\n<a href=\"https://seekingalpha.com/news/4121528-pembina-pipeline-buys-working-interests-from-whitecap-resources-in-c252m-deal\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://seekingalpha.com/news/4121528-pembina-pipeline-buys-working-interests-from-whitecap-resources-in-c252m-deal","article_id":"2448156010","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/640322960/image_640322960.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2448156010","pubTimestamp":1719918940,"columns":[],"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Pembina Pipeline  said Tuesday it agreed to acquire a 50% working interest in Whitecap Resources'  Kaybob complex in Alberta and executed an agreement to support the future infrastructure development for Whitecap's Lator growth area for C$252M in net proceeds. The Kaybob complex includes natural gas processing capacity of 165M cf/day and condensate stabilization capacity of 15K bbl/day; Whitecap  will retain operatorship of the assets. In turn, Whitecap  will enter into a long-term take-or-pay agreement for Pembina Gas Infrastructure's  capacity in the Kaybob complex and commit to an area of dedication to PGI for all volumes Whitecap produces out of the area. In addition to PGI's transaction, Pembina  said it signed a combination of new and extended long-term integrated transportation, fractionation and marketing services agreements with Whitecap , including a dedication of future growth volumes from Whitecap's Kaybob and Lator developments.","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Pembina Pipeline以2.52亿加元从Whitecap手中收购艾伯塔省工作权益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PBA":1,"SPGYF":1},"content_text":"Pembina Pipeline (NYSE:PBA) said Tuesday it agreed to acquire a 50% working interest in Whitecap Resources' (OTCPK:SPGYF) Kaybob complex in Alberta and executed an agreement to support the future infrastructure development for Whitecap's Lator growth area for C$252M in net proceeds. The Kaybob complex includes natural gas processing capacity of 165M cf/day and condensate stabilization capacity of 15K bbl/day; Whitecap (OTCPK:SPGYF) will retain operatorship of the assets. In turn, Whitecap (OTCPK:SPGYF) will enter into a long-term take-or-pay agreement for Pembina Gas Infrastructure's (PBA) capacity in the Kaybob complex and commit to an area of dedication to PGI for all volumes Whitecap produces out of the area. In addition to PGI's transaction, Pembina (PBA) said it signed a combination of new and extended long-term integrated transportation, fractionation and marketing services agreements with Whitecap (OTCPK:SPGYF), including a dedication of future growth volumes from Whitecap's Kaybob and Lator developments.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.0","shortVersion":"4.30.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2448156010"}