EventAction
Keyera closes its C$5.3B purchase of Plains' Canadian natural gas liquids (NGL) business: US to Canadian ownership
Keyera, based in Calgary, bought substantially all of the Canadian NGL business of Plains, a US company, for C$5.3 billion including closing adjustments. The Commissioner of Competition has challenged the deal before the Competition Tribunal; Keyera says it will contest the challenge (Keyera).
- Date
- Kind
- Ownership change
- Where
- Canada
- Evidence
- Action: Something was done: a law switched on, a tariff imposed, money committed. How evidence is weighed
- Who
- Keyera (acted); Plains (counterparty)
Evidence for
Latest articles
No article cites this record yet.
Sources
- Keyera, “Keyera Announces Closing of Acquisition of Plains' Canadian NGL Business” (external site), . source record
Claims that rest on this event
- US takeovers of Canadian producers and miners (Parkland, NuVista, New Gold) say nothing about Washington's intent: prices depressed by the tariffs invite buyers whatever the motive.
Same: US to Canadian ownership.
How it bears on the outcome
| Explanation | Fit | Why |
|---|---|---|
| O0 No meaningful speed-up | Neutral weak | A transfer of existing NGL assets does not change build-out speed. |
| O1 Faster, but the extra output goes mostly elsewhere | Neutral weak | The sale says nothing about export destinations. |
| O2 Faster, and more volume reaches the US (this level or higher) | Neutral weak | The sale says nothing about volumes to the US. |
| O3 Locked-in preferential terms for the US | Against weak | A US company selling its Canadian NGL business to a Canadian buyer runs against growing US ownership. |