Pembina Pipeline Corporation (PPL.TO,PBA) said Pembina Gas Infrastructure Inc., a gas processing entity in Western Canada jointly owned by Pembina and KKR, has entered into a purchase and sale agreement with Whitecap Resources to acquire a 50 percent working interest in Whitecap's 15-07 Kaybob Complex as well as executed an agreement to support the future infrastructure development for Whitecap's Lator growth area. Gross proceeds are $420 million. Whitecap will retain operatorship of the assets.
Whitecap is a Western Canadian Montney and Duvernay producer. The deal will initially be funded using PGI's existing credit facility.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.