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January 24, 2013
Whistler Institutional Investor Conference is being held in Whistler, British Columbia on January 23-26.
News For MERC;TAC;TLM;CVE;TCK;ENB;RIOM;ECA From The Last 14 Days
Check below for free stories on MERC;TAC;TLM;CVE;TCK;ENB;RIOM;ECA the last two weeks.
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September 22, 2014
17:13 EDTENBEnbridge to transfer $1.76B of assets to Enbridge Income Fund
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10:16 EDTTCKOn The Fly: Analyst Initiation Summary
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07:39 EDTTCKTeck Resources initiated with a Market Perform at BMO Capital
07:13 EDTTCKMorgan Stanley not a buyer of Freeport McMoRan and Teck Resources
Morgan Stanley said mining stocks fell on weakn China FAI and IP data and would not be a buyer of Freeport McMoRan (FCX) and Teck Resources (TCK) until there are indications of a demand rebound. Shares of Freeport McMoRan and Teck Resources are both Equal Weight rated.
September 19, 2014
15:38 EDTTLMTalisman Energy still considering sale of assets to Repsol, Bloomberg reports
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September 18, 2014
12:28 EDTENBEnbridge Energy drop down from Enbridge a net postive, says Wells Fargo
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September 17, 2014
17:06 EDTCVECenovus Energy provides update on Foster Creek
Cenovus Energy achieved first oil production at its recently-completed Foster Creek phase F expansion earlier this month. Phase F is expected to add 30,000 bbls/d of capacity, with production ramping up over the next 12 to 18 months. By year-end, production from phase F is expected to be approximately 5,000 bbls/d. Phases G and H are under construction and are expected to add another 30,000 bbls/d each with first production anticipated in late 2015 and 2016, respectively. This will bring total expected gross production capacity at Foster Creek to 210,000 bbls/d. Following the completion of phases F, G and H, optimization work is expected to increase total capacity by another 15,000 to 35,000 bbls/d. Cenovus expects the F, G and H expansion and optimization projects can be completed with capital costs of between $35,000-$38,000 per incremental barrel, better than industry average.
08:12 EDTENBEnbridge Energy receives $900M drop down proposal from Enbridge
Enbridge Energy Partners (EEP) has received a proposal initiated by Enbridge (ENB) through Enbridge Energy Company, EEP's general partner, under which Enbridge would drop down its 66.7% interest in the U.S. segment of the Alberta Clipper Pipeline to EEP for aggregate consideration of approximately $900M. The proposed consideration includes cash of approximately $300M, plus approximately $600M of a new Class E limited partner equity units to be issued to Enbridge by EEP. The proposed terms would not require EEP to issue any equity in the public market. The board of Enbridge Energy Management, the delegate of Enbridge, has appointed a special committee comprised of independent directors to review the proposal. Its acceptance is subject to the review and favorable recommendation by the special committee and final approval by the board. The drop down transaction is targeted to close by the end of 2014. The proposed contribution value corresponds to an approximate 11 times multiple of expected 2015 EBITDA. Alberta Clipper earns a stable cost of service return, which is not subject to variations in throughput or operating costs. EEP estimates that the proposed drop down is expected to be immediately accretive to distributable cash flow per unit by approximately 3%.
08:02 EDTENBEnbridge proposes to transfer $900M asset to Enbridge Energy
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September 10, 2014
13:41 EDTRIOMVan Eck Associates reports 13.65% passive stake in Rio Alto Mining
September 9, 2014
07:19 EDTMERCRBC Capital to hold a conference
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07:08 EDTECA, CVEPeters & Co. Ltd to h old a conference
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07:02 EDTECAPrairieSky Royalty offers 70.2M common shares for Encana
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