Incitec Pivot Ltd T.IPL

RE:RE:RE:Revenue & Rant

[MOJOJONO]

Casperwy17 wrote:

MOJOJONO wrote: A lot of it is about volumes.

Even if oil goes up if we don't get more pipelines for more oil exports there isn't so much need for internal pipes to move oil around a la IPL. The wide WCS/WTI oil price spread is probably most visually indicative of this impact.

This all caps the potential future growth, which can have other impacts such as the sustainability of future dividend increases. As well, with the contracts there's only so much you can increase the fees when the producers are getting capped with the export limitations and spreads.

TMX isn't likely to be built for some time as we've still got new consultations going on even before they finalize the route and then getting ready for building. Though, I think it will be built.

KXL ... yea... I'll believe it when TRP finally gets it built.

If you think IPL is just about pipelines, you ain't very bright.

Yea, I really am not very bright, but anyways for your enjoyment: 

Year ended 2017
Revenue
Oil Sands Transportation: $208.6MM
NGL Processing: $196.2
Conventional oil pipelines: $159.2
Bulk liquid storage: $54.3

Total: $618.3MM

https://www.interpipeline.com/files/pdf/investor-relations/2018/2017%20Annual%20Report.pdf

That's a total $367.8MM of $618.3MM or 59.485% of IPL revenues coming from pipelines. So, yes in a way with a predominantly pipeline driven business, increasing oil volumes is important for them.