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In connection with this reorganization, the Fund was able to eliminate a number of subsidiaries from its structure, and the primary operating partnership was amended to become a limited partnership. CALGARY, April 22, 2020 /CNW/ - Keyera Corp. (TSX:KEY.TO - News) ("Keyera") announced today that it is preserving its financial flexibility by reducing its 2020 capital program following a decision to defer construction of the KAPS pipeline system for approximately one year. Salaries for Keyera's CEO and Keyera's President and Chief Commercial Officer have been reduced by 20%, while salaries for other members of Keyera's officer team have been reduced by 10%. This report by The Canadian Press was first published Oct. 26, 2020. As part of this restructuring, Keyera was able to acquire all remaining third party interests, making it a wholly-owned subsidiary. All fees for Keyera's Board of Directors have been reduced by 20%. lometre sales gas pipeline running northeast of the Brazeau River gas plant. Keyera issued $600 million of 6.875% fixed-to-floating rate subordinated hybrid notes due, Keyera completed acid gas injection facilities at the Simonette gas plant, including surface facilities at the plant and well site and a pipeline connecting the facilities to a disposal well. Before he was elected in 2013 to represent Vancouver-Quilchena, Wilkinson held senior positions in the provincial government. Readers are cautioned that they should not unduly rely on these forward-looking statements and that the information contained in the forward-looking statements may not be appropriate for other purposes. Then incumbent legislature member Laurie Throness left the party late in the campaign to continuing running as an Independent after comparing free birth control to eugenics. The Canadian Press, 'I've never had to do that in quite the same way before.'. The cost of the acquisition was $112.5 million, which included the additional wo Keyera also purchased an 18-kilometre gas gathering pipeline and related assets in the North Trutch/Bougie area of northeast British Columbia adjacent to Keyera‘s Caribou North Pipeline and a 38 ki EV stocks have soared 500%, 800%, even 1,000% this year. Keyera (OTCPK:KEYUF +2.8%) to cut its 2020 capital program following a decision to defer construction of the KAPS pipeline system for approximately one year, … The pipeline will consist of a 16-inch pipeline for condensate and a … Keyera acquired an 85% ownership interest in the West Pembina gas plant, along with the working interest in lands from which gas is produced into the plant; an additional 4.6% ownership interest in the Bigoray gas plant (bringing Keyera's ownership to 100%), along with certain associated reserves which produce into the plant; and varying ownership interests in certain associated oil batteries, compressors and gathering pipelines. Keyera closed an acquisition from Bellatrix Exploration Ltd. for an additional 35% ownership interest in the Alder Flats gas plant and its associated gathering pipelines, bringing Keyera’s total ownership to a 70% interest. Stay on top of sector specific news, get industry leaders insights and our best content, delivered to your email. The acquisition included a 13,600 barrel per day iso-octane manufacturing facility, pipelines associated with the facility, and iso-octane sales agreements with major refiners in Canada and the United States. With KeySpan Corporation no longer holding an ownership interest in the operating partnership, the name was changed to Keyera. The term of the Credit Facility was extended to December 6, 2020. Based on the current scope, KAPS will consist of a 16-inch pipeline for condensate and a 12-inch pipeline for NGL mix. By continuing to use our service, you agree to our use of cookies. Further information about the factors affecting forward-looking statements and management's assumptions and analysis thereof, is available in filings made by Keyera with Canadian provincial securities commissions available on SEDAR at www.sedar.com. BOC Yellowstone LLC, a subsidiary of Boston Omaha, served as the sponsor (the "Sponsor") for Yellowstone’s IPO. Keyera acquired an additional 6.7% interest (to 98%) in the Strachan gas plant, an additional 14% interest (to 95%) in the Bigoray gas plant, an additional 12% interest (to 99%) in the Paddle River gas plant and an additional 8.6% interest (to 45%) in the Minnehik Buck Lake gas plant. Keyera also continued to expand its presence in the United States with the incorporation of Keyera Energy Inc. and the acquisition of four propane terminals. In addition to these acquisitions, Keyera completed a 40 MMcf/d expansion of its Caribou gas plant. Affiliates of Dane C. Andreeff, the Company’s Interim President and Chief Executive Officer, and Joyce LaViscount, the Company’s Chief Financial Officer, Chief Operating Officer and Secretary participated in the private placement on the same terms and conditions as all other purchasers, except that their units had a purchase price of $0.5244 per unit, and their warrants have an exercise price of $0.4619 per share. Keyera has also agreed to participate as a 60% owner in the Zeta Creek gas plant, being constructed by Velvet Energy in the West Pembina area of Alberta. Wilkinson took on the job as Liberal leader in 2018, replacing Christy Clark, who stepped down when the Liberals lost power after the 2017 election. The Notes bear interest at 3.68% and mature on September 20, 2027. The results exceeded Wall Street expectations. "Leading the B.C. To provide readers with information regarding Keyera, including its assessment of future plans, and operations, this news release contains certain forward-looking information and statements under applicable securities laws. Keyera is also suspending its Premium DividendTM and Dividend Reinvestment Plan ("DRIP"). Keyera announced a sulphur handling project at its 50% owned South Cheecham Terminal. All rights reserved. Stockhouse.com use cookies on this site. But upon cross-examination she revealed she did, in fact, have a strong emotional reaction to staff members who criticized McGrath's alleged affair with a married teacher.She said she didn't think it was anyone's business what McGrath did in his romantic life, but insisted she was on "friendly terms with everybody in the school. KAPS is a strategic asset that will connect Keyera’s NGL business in Fort Saskatchewan to its gathering and processing assets located in a key region of the Western Canada Sedimentary Basin. He also faces one count of uttering threats.Prior testimony described him carrying out bizarre forms of punishment, such as squeezing a child in a bear hug until he cried, stepping on a child's hand and threatening to cut a student's fingers off while brandishing a pair of scissors.Monday's testimony, in contrast, painted McGrath as a standard authority figure who was called on to take disciplinary action, and who developed friendly relationships with some students. Subject to final sanctioning, the Project includes a sour gas processing plant with acid gas injection capabilities, condensate processing facilities, associated gathering systems and field compressor stations, with the first phase targeted to start up in mid-2019. All forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events, levels of activity and achievements to differ materially from those anticipated in the forward-looking statements. Keyera also completed construction of the Carlos pipeline which began delivering production from the liquids-rich Glauconite formation in the Hoadley area to the Rimbey gas plant. "We are confident in the outlook for this condensate rich region in northwestern Alberta and we thank our customers for their endorsement and commitment to our solution. In addition, Keyera acquired ownership interests in the West Pembina gas plant, the Judy Creek NGL Pipeline system and the Bonnie Glen crude oil and condensate system. "With a dedicated team, disciplined strategy and a strong financial position, I am confident that Keyera will successfully navigate the current challenges and strengthen our foundation for future growth.". The Notes were issued in two tranches with $200 million bearing interest at 3.96% and maturing on October 13, 2026 and $100 million bearing interest at 4.11% and maturing on October 13, 2028. But legendary investor Whitney Tilson says the biggest part of this story is coming soon. Proceeds from this second offering were used to acquire a 35.91% interest in the primary operating partnership from KeySpan Corporation. Consolidate your debt, do home improvements or pay off credit cards with a personal loan.

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