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

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

Painted Pony Petroleum Ltd. - PPY.t

Painted Pony Petroleum Ltd. - PPY.t is engaged in the exploration, development and production of petroleum and natural gas resources. The Company focuses on light oil in southeast Saskatchewan and central Alberta and natural gas in northeast British Columbia.

On April 6, 2016 the company released News

"Painted Pony Petroleum Ltd. ("Painted Pony" or the "Corporation") (TSX: PPY) is pleased to announce further capital cost reductions which will reduce forecast 2016 capital spending. Additionally, Painted Pony has hedged incremental production volumes through 2016 and 2017 to reduce the impact of commodity price volatility as part of our active risk management program. AltaGas Ltd. ("AltaGas") has confirmed that the AltaGas Townsend Facility (the "Facility") is approximately 85% complete and ahead of schedule.  

2016 Capital Program

The updated 2016 capital program is expected to deliver previously forecasted production volumes targets, including a 2016 exit production rate anticipated to be in excess of 240 MMcfe/d (40,000 boe/d), for total spending of approximately $179 million. This represents a reduction of approximately $36 million (17%) from 2016 capital spending guidance of $215 million released in November 2015 and a reduction of approximately $18 million (9%) from 2016 capital spending guidance of$197 million released in January 2016. Drilling, completion and equipping costs have been further reduced by 19% to $4.8 million per well from $5.9 million per well as budgeted in November of 2015. These additional costs savings are the result of ongoing efficiencies achieved in Painted Pony's capital operations. The Corporation will continue to implement operational efficiencies to ensure any additional capital cost savings are identified and captured. 

Updated Hedging

During the first quarter of 2016, Painted Pony entered into additional financial hedges to provide commodity price risk mitigation. Total hedges now cover approximately 61% of forecast 2016 annual average natural gas production volumes. For the first three quarters of 2016, hedges consist of AECO fixed-price swaps at an average price of $3.30/Mcf on 61 MMcf/d of forecast average natural gas production volumes of approximately 100 MMcf/d. For the fourth quarter of 2016, Painted Pony has entered into Station 2 fixed price hedges on 55 MMcf/d of natural gas production at an average price of $2.09/Mcf. These Station 2 hedges are in addition to AECO fixed price hedges during the fourth quarter of 2016 on 78 MMcf/d of natural gas production at an average price of $3.30/Mcf of forecast fourth quarter average natural gas production volumes of approximately 215 MMcf/d.

Financial hedges for 2017 cover approximately 49% of forecast 2017 annual average natural gas production volumes. These 2017 hedges consist of AECO fixed price hedges on 58 MMcf/d of average natural gas production at an average price of $3.33/Mcf and Station 2 fixed price hedges on approximately 65 MMcf/d of average natural gas production at an average price of $2.09/Mcf. 

Painted Pony is well protected in this low commodity price environment with existing hedges and anticipates continuing to mitigate commodity price risk by hedging incremental production volumes to provide downside price risk protection and reduce future cash flow volatility.

Operational Update

To date, Painted Pony's three drilling rigs have drilled 13 (13.0 net) wells. All of the wells necessary to meet the initial commitment at the Facility have been drilled and rig-released. 

Completion crews have finished 9 (9.0 net) completions to date. Painted Pony has planned for a total of 14 (14.0 net) completions during the first half of 2016 which is expected to ensure the volume commitment for the Facility is met. The 2016 capital program anticipates a total of 30 (30.0 net) completions which, in addition to meeting volume commitments at the Facility, will provide production growth momentum into 2017.

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http://canadastockjournal.blogspot.com/2016/05/painted-pony-petroleum-ltd-ppyt.html