Follow Add a Review. Inter Pipeline to Acquire Remaining Interest in the Cold Lake Pipeline System and Announces New Oil Sands Transportation Agreement December 9, 2016 Inter Pipeline Announces December 2016 Cash Dividend December 5, 2016 Inter Pipeline Granted Royalty Credits Under Alberta's Petrochemical Diversification Program November 3, 2016 Inter Pipeline Announces Increase to Monthly Cash … Amount: CDN $0.04 per share.
Inter Pipeline. 9 Jobs. IPL. The story was linked by analysts to a nine per cent Inter stock price surge to $23.64 on the Toronto Stock Exchange on Thursday.Inter shares rose four per cent to $24.60 by noon EDT on Friday and continued to rise after trading was restarted, closing at $24.81, up $1.17 or just under five per cent for the day.In its second-quarter results news release out Thursday, Inter reported spending $287 million on Heartland in the quarter to take total capital incurred so far to $1.6 billion.The executives did provide detail about a separate announcement Thursday after markets closed that the company is putting its European bulk petroleum storage business on the block — it has operations in the U.K., Denmark, Sweden, Germany, Netherlands and Ireland with about 37 million barrels of storage capacity. Inter also reported a slight rise in revenue to $642 million from $631 million and a decrease in its core pipeline volumes to 1.34 million barrels per day from 1.38 million bpd a year earlier. 11 Photos. The forward-looking statements contained in this news release are made as of the date of this document, and, except to the extent required by applicable securities laws and regulations, Inter Pipeline assumes no obligation to update or revise forward-looking statements made herein or otherwise, whether as a result of new information, future events, or otherwise. 37 Inter Pipeline reviews. View Jobs at Inter Pipeline. Inter Pipeline Ltd. confirmed Friday afternoon it received a "proposal'' to purchase the company, in a statement issued at the behest of regulators a few hours after executives refused to … Subscribe. Inter Pipeline Ltd. operates as a midstream oil and natural gas company. Any substitute that is not a derivative work would fail to convey the meaning intended, would tarnish or misrepresent its image, or would fail its purpose of identification or commentary.Message: Invalid argument supplied for foreach()Are you sure you want to cancel your membership with us? "The board understands very clearly what its fiduciary duties are and the board would carefully consider any credible offer and determine if it's in the best interest of shareholders," said Bayle, after an analyst asked whether the company would typically feel obligated to tell shareholders about a takeover offer.It said 1,200 construction workers were on site at the end of June building the project designed to convert cheap and plentiful Alberta propane into 525,000 tonnes per year of the plastic polypropylene.Inter reported record second-quarter net income of $260 million on Thursday, nearly double the $136 million it declared in the same period of 2018, with the increase mainly resulting from a one-time $144-million provision from the staged reduction in the Alberta corporate income tax rate from 12 to eight per cent by 2022.On a morning conference call to discuss second-quarter results, both CEO Christian Bayle and chief financial officer Brent Heagy refused to answer analyst questions about the story. Inter Pipeline's origins go back to 1997 to Koch Industries a refiner out of which sprang two pipelines one of which formed Koch Pipelines Canada, a conventional oil pipeline transportation company that Inter Pipeline directly traces its roots to. "Regarding whether you need to disclose something or not, that would really depend on the circumstances ... and the board in consultation with legal and financial advisers would decide whether disclosure is appropriate. All rights reserved.Media Relations:Breanne OliverDirector, Corporate CommunicationsEmail: mediarelations@interpipeline.com Tel: 587-475-1118All dollar values are expressed in Canadian dollars unless otherwise noted.