RE:Q1- What it all means Good News on KAPS as we are now less than 12 months to flicking that revenues flow on - so the big outstanding part of that project is who picks up the Pembina interest.
Didn't listen to the conference but i hope someone at least asked about that side of the landscape. strikes me the market is pricing Keyera's side at a nominal net value - that is the asset investment is at least worth the debt financing costs. If an infrastructure like entity comes into this and takes out the Pembina side, it won't be for free nor will Pembina have to pay to get rid of the investment. So either way it should be a positive unless Keyera gets gready and thinks they will take out 100% ?