This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Pembina Pipeline's CEO Discusses Q2 2012 Results - Earnings Call Transcript

To learn more about these forward-looking statements and non-GAAP measures please see Pembina’s various financial reports available at and on both SEDAR and EDGAR. Actual results could differ materially from the forward-looking statements we may express or imply today.

The second quarter and the first half of the year has been a very busy time. We closed our acquisition of Provident on April 2 and since then we have made a lot of progress on our integration activities. As you know, we are listed on New York Stock exchange and that made substantial progress on bringing our two teams together.

This is the first quarter we are reporting as a combined entity which also means that this is the first time, we’re presenting results that show a consolidated view of our business and includes those assets that are new to Pembina.

Admittedly we are faced with a challenging opening market conditions that impacts our results this quarter, but we maintained steady performance across all areas of our business while managing the integration work we needed to do.

I will give a high level overview of the results in a minute, but I will like to start off by talking a little more specifically about the progress we are making on integration. It's still early in the game for us. We have only owned these assets for just over four months. But so far the integration is going very well.

We are seeing real upside possibilities associated with these assets and we have retained a great group of people, people who have the knowledge and the experience to help us achieve Pembina's future goals.

I am very happy to say that as of mid July, we have moved all of the former Calgary Provident employees to our head office in Calgary which will now give us the chance to begin working even more closely as a single team, focused on common set of goals.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.95 0.27%
FB $101.97 0.06%
GOOG $683.39 0.04%
TSLA $150.72 0.17%
YHOO $27.01 0.93%


Chart of I:DJI
DOW 15,954.93 +294.75 1.88%
S&P 500 1,860.28 +31.20 1.71%
NASDAQ 4,327.2480 +60.4110 1.42%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs