On May 29, midstream oil and gas operator Keyera Corp. raised $318-million by issuing 4,312,500 shares at $73.75. Part of the proceeds will go to help finance Keyera’s capital program, which includes the $95-million Josephburg propane-by-rail terminal in Fort Saskatchewan, Alta. Keyera believes propane by rail volumes will grow given Kinder Morgan’s decision to stop using its Cochin pipeline to deliver Western Canadian propane to market. CEO James Bertram is backing the strategy with his pocketbook, buying 2,000 shares at $73.75.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.
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