RE:$ 51.59 Equity issue coming.
Pembina Pipeline Corp. plans to make its final investment decision for the proposed Cedar LNG floating gas-export project in British Columbia within two weeks, according to people familiar with the matter.
The US$4 billion project is expected to be financed 60 per cent from debt and 40 per cent from equity, with partners Haisla Nation and Pembina each contributing 20 per cent of equity, Cedar LNG said in an emailed statement to Bloomberg News.
I will try to sell a part of my holding today and try to get my hands on the new issue or sub receipt that will no doubt be below the current share price.