WCSB

Pembina Pipeline Corporation Reports Record Results for the Fourth Quarter 2023, Provides Business Update, and Declares Quarterly Common Share Dividend

Retrieved on: 
Thursday, February 22, 2024

Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.

Key Points: 
  • Pembina reported record quarterly adjusted EBITDA of $1,033 million in the fourth quarter and record full year adjusted EBITDA of $3,824 million.
  • Results were impacted by higher incentive costs driven by Pembina's share price performance and increased shared service revenue.
  • On a per share (basic) basis, cash flow from operating activities was $1.60 per share for the fourth quarter and $4.79 per share for the full year.
  • ET) for interested investors, analysts, brokers and media representatives to discuss results for the fourth quarter of 2023.

Supreme Court dismisses Secure Energy's application to appeal the successful challenge of Secure and Tervita merger

Retrieved on: 
Monday, February 26, 2024

GATINEAU, QC, Feb. 26, 2024 /CNW/ - The Competition Bureau welcomes the Supreme Court of Canada's (SCC) decision to dismiss an application by Secure Energy seeking leave to appeal the Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.

Key Points: 
  • GATINEAU, QC, Feb. 26, 2024 /CNW/ - The Competition Bureau welcomes the Supreme Court of Canada's (SCC) decision to dismiss an application by Secure Energy seeking leave to appeal the Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.
  • The Bureau recently approved R360 Environmental Solutions Canada Inc. as the buyer of the 29 facilities.
  • The facilities include 17 treatment, recovery, and disposal facilities, 4 standalone water disposal wells, 6 landfills and 2 caverns.
  • Secure acquired these facilities as part of the merger.

Pembina Pipeline Corporation Announces 2024 Guidance and Provides Business Update

Retrieved on: 
Monday, December 11, 2023

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2024 financial guidance and provided a business update.

Key Points: 
  • Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its 2024 financial guidance and provided a business update.
  • Pembina continues to progress the previously disclosed 40,000 barrels per day ("bpd") expansion of its NEBC Pipeline system and evaluate additional pipeline and terminal infrastructure in the region.
  • At the midpoint of the 2024 guidance range, volumes in Pembina's conventional pipelines business and gas processing business are expected to be approximately nine percent and three percent higher, respectively.
  • A lower contribution from the Cochin Pipeline due to lower contracted tolls beginning in the third quarter of 2024.

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector.  A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.  The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points: 
  • A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
  • The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
  • The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
  • Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Demand Still Growing for Lithium Mining Market That's Projected To Reach $516 Million In 2028

Retrieved on: 
Wednesday, September 6, 2023

/PRNewswire/ -- The remarkable development in lithium production has led to the growth of its demand all over the world. Revolution in various fields, such as automobile, glass and ceramics, medical, air treatment, and polymer production, has led to industrialization and urbanization, making metal a vital development element. Mining supplies are used for batteries for electric vehicles. The growing industrialization and urbanization have given rise to the demand for power in the world. The rising functions of the digitized world require a lot of electrical power. The dependence on process automation and round-the-clock network usage has given rise to the high demand for a consistent power supply, a key driving factor for the energy storage sector.  A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period. The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.  The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively. It would result in the increasing demand for lithium-ion batteries for storing the excessive energy." Active mining companies in the markets this week include:  Indigo Exploration Inc. (OTCQB: IXIXF) (TSX-V: IXI), Livent Corporation (NYSE: LTHM), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), E3 LITHIUM LTD. (OTCQX: EEMMF) (TSXV: ETL), Albemarle Corporation (NYSE: ALB).

Key Points: 
  • A report from Fortune Business Insights projected that the Global Lithium Mining Market is projected to grow to USD 516.22 million in 2028 at a CAGR of 6% in the 2021-2028 period.
  • The rise in CAGR is attributable to this market's demand and growth, returning to pre-pandemic levels once the pandemic is over.
  • The report said: "The high demand for power because of the surging urbanization and industrialization worldwide would affect growth positively.
  • Fortune Business Insights continued: "By source, the lithium mining industry is categorized into brine and hard rock.

Federal Court of Appeal upholds Competition Bureau's successful challenge of Secure and Tervita merger

Retrieved on: 
Wednesday, August 2, 2023

GATINEAU, QC, Aug. 2, 2023 /CNW/ -The Federal Court of Appeal has dismissed a petition by Secure Energy Services, upholding the Competition Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.

Key Points: 
  • GATINEAU, QC, Aug. 2, 2023 /CNW/ -The Federal Court of Appeal has dismissed a petition by Secure Energy Services, upholding the Competition Bureau's successful challenge of the merger of two rival suppliers of oilfield waste services.
  • Secure's appeal looked to overturn a recent decision by the Competition Tribunal that ordered the company to sell 29 facilities to resolve ongoing harm to competition in Western Canada.
  • The Tribunal concluded that there was a substantial lessening of competition in 136 local markets in the Western Canadian Sedimentary Basin (WCSB) as a result of Secure's merger with Tervita Corporation.
  • In its decision, the Federal Court of Appeal found no merit in any of the issues raised by Secure in its appeal.

Competition Bureau successful in challenge of Secure and Tervita merger

Retrieved on: 
Tuesday, March 7, 2023

GATINEAU, QC, March 7, 2023 /CNW/ - On March 3, 2023, the Competition Tribunal ruled in favour of the Commissioner of Competition in his challenge of Secure Energy Services' acquisition of Tervita Corporation.

Key Points: 
  • GATINEAU, QC, March 7, 2023 /CNW/ - On March 3, 2023, the Competition Tribunal ruled in favour of the Commissioner of Competition in his challenge of Secure Energy Services' acquisition of Tervita Corporation.
  • The Tribunal ordered Secure to sell 29 facilities to resolve the substantial lessening of competition found in 136 relevant markets.
  • The Bureau launched its challenge on June 29, 2021 when it filed an application with the Competition Tribunal.
  • Prior to the merger, Secure and Tervita were the two largest suppliers of oilfield waste services in the WCSB.

TC Energy provides growth outlook for 2023 and defines funding plan at Investor Day 2022

Retrieved on: 
Tuesday, November 29, 2022

CALGARY, Alberta, Nov. 29, 2022 (GLOBE NEWSWIRE) -- News Release TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will host its annual Investor Day today.

Key Points: 
  • CALGARY, Alberta, Nov. 29, 2022 (GLOBE NEWSWIRE) -- News Release TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) will host its annual Investor Day today.
  • We are reaffirming our long-term comparable EBITDA growth outlook of six per cent by 2026 and three to five per cent annual dividend growth rate.
  • We are introducing our 2023 comparable EBITDA outlook that we expect will be five to seven per cent higher than 2022.
  • The presentation materials will be available at 2022 Investor Day Toronto (tcenergy.com) at 7:00 a.m. EST (5:00 a.m. MST).

Reports Record 2022 Third Quarter Financial Results

Retrieved on: 
Thursday, October 20, 2022

Adjusted operating margin increased to 20.4 percent as compared to 15.9 percent in 2021 due to rate increases implemented in 2022.

Key Points: 
  • Adjusted operating margin increased to 20.4 percent as compared to 15.9 percent in 2021 due to rate increases implemented in 2022.
  • US 3PL segment generated $1.5 million of Adjusted OIBDA in the quarter, representing a margin of 2.7 percent of gross revenue.
  • Working capital of $94.6 million, an increase of 62.8 percent or $36.5 million from the second quarter of 2022.
  • Repurchased and cancelled 206,100 Common Shares at an average price of $12.11 per share under our normal course issuer bid during the third quarter of 2022.

STEP Energy Services Ltd. to Announce Third Quarter 2021 Results

Retrieved on: 
Thursday, October 14, 2021

CALGARY, Alberta, Oct. 14, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) intends to release its 2021 third quarter results on Wednesday November 3, 2021 after markets close.

Key Points: 
  • CALGARY, Alberta, Oct. 14, 2021 (GLOBE NEWSWIRE) -- STEP Energy Services Ltd. (STEP) intends to release its 2021 third quarter results on Wednesday November 3, 2021 after markets close.
  • Financial Statements and Management's Discussion and Analysis will be posted to STEPs website and SEDAR immediately after the press release is disseminated.
  • STEP is an oilfield service company that provides stand-alone and fully integrated fracturing, coiled tubing and wireline solutions.
  • Our combination of modern equipment along with our commitment to safety and quality execution has differentiated STEP in plays where wells are deeper, have longer laterals and higher pressures.