OTCPK:KMLGF - Post by User
Post by
hazyhazyon Jul 11, 2017 6:00pm
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Post# 26457624
Looking at presentation... Construction starts in Sept 2017
Looking at presentation... Construction starts in Sept 2017https://www.kindermorgancanadalimited.com/content/docs/KML_ipo_presentation.pdf
Located in Vancouver, B.C., the Vancouver Wharves Terminal is a 125-acre bulk marine terminal facility that transfers over 4.0 million tons of bulk cargo and ~1.5 million barrels of liquids annually to predominantly offshore export markets
Includes 4 berths capable of handling Panamax-size vessels
Otherwise EBITDA about $400M / 345M shares = $1.16 where half is expected as dividend... waiting to see quarterly results or announcement about a dividend...
Looking at IPL Inter Pipeline numbers... $1.2B EBITDA / 373M shares = $3.21 where $1.62 paid out... but $25 IPL share vs $15 KML? Decent numbers but I'm hoping IPL sees incremental growth without spending a bundle... Recent numbers by IPL Q1 had revenue at $600M; profit of $150M (so $2.4B vs $600M profit - roughly) or 25% margins? which seems very healthy... not sure if those numbers will stand up by year end... current volume was 1.5M bpd with 2.3M contracted (planned oilsand development - up in the air)... but their pipes can handle 2x contracted volumes with additional pumps... It sounds like Kinder Morgan re-activates sections of their pipeline or build new sections plus additional pumps for $6.5B... and the original 1950 pipeline stays in service? or is it de-commissioned?
Kinder Morgan set to start construction in 2017 - September... time will tell... IPO best guess...