Sunday, May 29, 2016

Pembina Pipeline Corporation - PPL.t

Pembina Pipeline Corporation - PPL.t is using a strong record of profitable growth to expand beyond the core business of operating conventional crude oil and natural gas liquids feeder pipelines.

The company now provides a full spectrum of midstream and marketing services, gas gathering and processing, as well as transportation support to Alberta’s oil sands industry.


On May 5, 2016 the company released Numbers

"
Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the first quarter of 2016.
Financial Overview



($ millions, except where noted)

3 Months EndedMarch 31 (unaudited)


2016
2015
Conventional Pipelines revenue volumes (mbpd)(1)(2)

670
633
Oil Sands & Heavy Oil contracted capacity (mbpd)(1)

880
880
Gas Services average revenue volumes (mboe/d) net to Pembina(2)(3)

113
113
Midstream Natural Gas Liquids ("NGL") sales volumes (mbpd)(1)

141
129
Total volume (mboe/d)

1,804
1,755
Revenue

1,017
1,154
Net revenue(4)

394
375
Operating margin(4)

315
284
Gross profit

237
228
Earnings

102
120
Earnings per common share – basic and diluted (dollars)

0.23
0.32
Adjusted EBITDA(4)

269
241
Cash flow from operating activities

271
120
Cash flow from operating activities per common share – basic (dollars)(4)

0.72
0.35
Adjusted cash flow from operating activities(4)

209
213
Adjusted cash flow from operating activities per common share – basic (dollars)(4)

0.56
0.63
Common share dividends declared

172
148
Preferred share dividends declared

14
10
Dividends per common share (dollars)

0.46
0.44
Capital expenditures

375
498
















3 Months Ended March 31(unaudited)







2016
2015
($ millions)






NetRevenue(4)
OperatingMargin(4)
NetRevenue(4)
OperatingMargin(4)
Conventional Pipelines






175
128
154
98
Oil Sands & Heavy Oil






52
33
55
35
Gas Services






53
37
54
37
Midstream






114
114
113
113
Corporate







3
(1)
1
Total






394
315
375
284
(1)
mbpd is thousands of barrels per day.
(2)
Revenue volumes are equal to contracted plus interruptible volumes.
(3)
Average revenue volumes converted to mboe/d (thousands of barrels of oil equivalent per day) from million cubic feet per day ("MMcf/d") at 6:1 ratio.
(4)
Refer to "Non-GAAP Measures."
 Highlights
  • Realized record revenue volumes for the second consecutive quarter; Conventional Pipelines also reached record volumes with an average of 670 mbpd;
  • Safely placed over $740 million assets into service, including $226 million in the first quarter of 2016 and an estimated$515 million subsequent to quarter end relating to RFS II, Musreau III and the Resthaven Expansion (as defined below);
  • Achieved Adjusted EBITDA of $269 million, 12 percent or $28 million higher than the first quarter of 2015;
  • Cash flow from operating activities increased by 126 percent to $271 million ($0.72 per common share-basic) as compared to the first quarter of 2015;
  • Closed a $566 million (including closing adjustments) acquisition of a 250 MMcf/d gas processing plant and associated midstream infrastructure from Paramount Resources subsequent to quarter end;
  • Received regulatory and environmental approval for the 270 kilometre, 24 and 16 inch Fox Creek to Namao, Albertapipeline portion of Pembina's Phase III Expansion;
  • Increased the monthly dividend by 4.9 percent from $0.1525 per common share per month (or $1.83 annually) to $0.16per common share per month (or $1.92 annually), effective for the dividend payable on May 13, 2016;
  • Raised $765 million including $170 million through a preferred share issuance, $345 million through a common share issuance and, subsequent to quarter end, an additional $250 million through a preferred share issuance; and
  • Increased Pembina's unsecured revolving credit facility from $2 billion to $2.5 billion.











http://canadastockjournal.blogspot.com/2016/05/pembina-pipeline-corporation-pplt.html

Friday, May 20, 2016

CAE Inc - CAE.t

CAE Inc - CAE.t (formerly Canadian Aviation Electronics) is a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, defense customers, mining companies and healthcare specialists.

On May 19, 2016 the company released Numbers

"CAE reports fourth quarter and full fiscal year 2016 results
  • Q4 revenue up 14% to $722.5 million and annual revenue up 12% to $2.5 billion
  • Q4 and annual EPS from continuing operations of $0.23 and $0.89 ($0.27 and $0.86 before specific items(1), up 13% each compared to last year)
  • Q4 Civil operating margin of 19.1% on 76% training centre utilization(2) 
  • Annual order intake up 18% to $2.8 billion including industry record 53 Civil FFS orders
  • Annual free cash flow(3) up 42% to $247.7 million for 107% cash conversion(4)    
Montreal, Canada, May 19, 2016 - (NYSE: CAE; TSX: CAE) - CAE today reported revenue of
$722.5 million for the fourth quarter of fiscal year 2016, representing 14% growth from the fourth quarter last year. Fourth quarter net income attributable to equity holders from continuing operations was $61.2 million ($0.23 per share) compared to $63.3 million ($0.24 per share) last year.

Fourth quarter net income before specific items(5) was $72.8 million, or $0.27 per share, representing an EPS increase of 13% over the same period last year. Specific items this quarter include restructuring costs of $11.6 million (net after-tax) related to CAE's process improvement program.
Annual fiscal 2016 revenue was $2.5 billion, representing 12% growth from the prior year. Annual net income attributable to equity holders of the Company from continuing operations was $239.3 million ($0.89 per share). Annual net income before specific items was $230.5 million, or $0.86 per share, representing an EPS increase of 13% over last year. Specific items for the year include restructuring costs of $20.6 million (net after-tax) for the process improvement program as well as a one-time tax item of $29.4 million. All financial information is in Canadian dollars.

"CAE had strong performance in the fourth quarter and fiscal year overall, underscored by nearly $250 million of free cash flow generated over the course of the year," said Marc Parent, CAE's President and Chief Executive Officer. "Growth was led by our Civil segment, which saw higher demand for our training solutions translate into 76% utilization of our training network and a 19.1% operating margin this quarter. On the order front, I am pleased with the high level of activity in all segments, including an annual record 53 full-flight simulator orders in Civil, and annual orders exceeding revenue in Defence for first time in four years. CAE's market position and $6.4 billion backlog(6) bode well for long-term sustainable growth."
______________________________________________








http://canadastockjournal.blogspot.com/2016/02/goldcorp-inc-gt.html

Thursday, May 19, 2016

Goldcorp Inc. - G.t

Goldcorp Inc. - G.t is the world's lowest-cost, million-ounce gold producer. Operating assets include five mines in Canada and the U.S., three mines in Mexico, and two in Central and South America

Red Lake is Goldcorp’s top producer, yielding high grade gold at very low cash costs. The company produced 3.46 million ounces at AISC of $852 per ounce in 2015.

On May 12, 2016 the company released News

"Goldcorp Inc. ("Goldcorp") (TSX: G, NYSE: GG) and Kaminak Gold Corporation ("Kaminak") (TSX-V: KAM) are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Goldcorp has agreed to acquire, by way of a plan of arrangement (the "Arrangement"), all of the outstanding shares of Kaminak.  The total consideration offered for all of the outstanding shares of Kaminak is approximately C$520 million.

Under the Arrangement, each common share of Kaminak will be exchanged for 0.10896 common shares of Goldcorp. Based on the closing price of Goldcorp's common shares on the Toronto Stock Exchange on May 11, 2016, the transaction values each Kaminak share at C$2.62. The consideration received by Kaminak shareholders represents a 40% premium over the 20-day volume-weighted average share price of Kaminak from all trading on Canadian exchanges for the period ending May 11, 2016 and a premium of 33% over Kaminak's closing share price on the TSX Venture Exchange on May 11, 2016. The number of Goldcorp shares to be issued under the Arrangement will be approximately 21.6 million based on the issued and outstanding shares of Kaminak as of the announcement date, but will be subject to adjustment depending on the number of Kaminak options that may be exercised prior to the completion of the Arrangement.

Kaminak's key asset is the 100%-owned Coffee Gold project ("Coffee"), a structurally hosted hydrothermal gold deposit located approximately 130 kilometres south of the City of Dawson, Yukon. Coffee is a high-grade, open pit, heap leach mining project located in a top tier mining jurisdiction.  The Coffee land package, comprising over 60,000 hectares, demonstrates significant potential for near-mine discoveries, with mineralization remaining open along strike and at depth. Coffee currently has total indicated gold mineral resources1 of 3.0 million ounces (63.7Mt at 1.45g/t) inclusive of total probable gold mineral reserves1 of 2.2 million ounces (46.4Mt at 1.45g/t), and total inferred gold mineral resources1 of 2.2 million ounces (52.4Mt at 1.31g/t).
______________________________________________
















http://canadastockjournal.blogspot.com/2016/02/goldcorp-inc-gt.html