Pembina announced that its Board of Directors has approved a record capital budget plan for 2016 of $2.1 billion, in line with our $2.2 billion estimate. The budget will be deployed on various multi-year projects, which are largely underpinned by long-term, fee-for-service contracts; 65% of the budget will be directed towards its Conventional Pipeline division. We expect the capital program will be fully financed by Pembina's recent $460 mm share issue plus cash flows and debt capacity.
30 Nov 2015
ANNOUNCES 2016 CAPITAL PROGRAM OF $2.1 BILLION
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
ANNOUNCES 2016 CAPITAL PROGRAM OF $2.1 BILLION
Pembina Pipeline Corporation (PPL:TSE) | 0 0 0.8% | Mkt Cap: 20,478m
- Published:
30 Nov 2015 -
Author:
Steven I. Paget -
Pages:
4
Pembina announced that its Board of Directors has approved a record capital budget plan for 2016 of $2.1 billion, in line with our $2.2 billion estimate. The budget will be deployed on various multi-year projects, which are largely underpinned by long-term, fee-for-service contracts; 65% of the budget will be directed towards its Conventional Pipeline division. We expect the capital program will be fully financed by Pembina's recent $460 mm share issue plus cash flows and debt capacity.