financetom
Business
financetom
/
Business
/
Parkland's Burnaby refinery resumes operations
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Parkland's Burnaby refinery resumes operations
Apr 1, 2024 4:00 AM

April 1 (Reuters) - Parkland Corp ( PKIUF ) said on

Monday that normal operations have resumed at its Burnaby

Refinery in British Columbia, Canada, more than two months after

it was shut down after an issue with a processing unit.

Operations at the 55,000-barrel-per-day refinery were also

partially paused in January, prior to the processing unit issue,

owing to adverse cold weather across western Canada.

"During this shutdown period, we accelerated maintenance and

refining optimization work previously scheduled for the third

quarter of 2024," CEO Bob Espey said.

As a result of the shutdown, Parkland said the refinery

expects composite utilization of about 20% and an adjusted core

loss of between C$60 million ($44.35 million) and C$65 million

for the first quarter 2024.

Parkland expects total adjusted core profit between C$300

million to C$320 million for the first quarter.

($1 = 1.3530 Canadian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Caspian Pipeline Consortium puts third mooring device out of service for two months for maintenance
Caspian Pipeline Consortium puts third mooring device out of service for two months for maintenance
Jul 29, 2024
MOSCOW, July 29 (Reuters) - The Caspian Pipeline Consortium (CPC) said on Monday it was putting its third mooring device out of service for two months for planned maintenance. ...
United Parks & Resorts Reports Preliminary Q2 Results; Shares Fall
United Parks & Resorts Reports Preliminary Q2 Results; Shares Fall
Jul 29, 2024
09:11 AM EDT, 07/29/2024 (MT Newswires) -- United Parks & Resorts ( PRKS ) said Monday it expects Q2 total revenue to be around $495 million to $500 million, compared with $496 million a year earlier. Analysts polled by Capital IQ expect $506.1 million. The company expects net income to be in the range of $87 million to $95 million,...
Crown Holdings Authorizes Up to $2 Billion of Share Buybacks
Crown Holdings Authorizes Up to $2 Billion of Share Buybacks
Jul 29, 2024
09:06 AM EDT, 07/29/2024 (MT Newswires) -- Crown Holdings ( CCK ) said Monday that its board has authorized up to $2 billion of stock repurchases through the end of 2027. The new authorization supersedes the prior one, which was announced in December 2021, the company said. Shares of Crown Holdings ( CCK ) were up 2.7% in recent Monday...
SocGen Previews Policy Meetings at The Central Banks of Brazil, Chile, Colombia, Mexico in Next Two Weeks
SocGen Previews Policy Meetings at The Central Banks of Brazil, Chile, Colombia, Mexico in Next Two Weeks
Jul 29, 2024
09:09 AM EDT, 07/29/2024 (MT Newswires) -- The central banks of Brazil (BCB), Chile (BCCh) and Colombia (BanRep) are scheduled to release their policy meeting statement on Wednesday, while the Bank of Mexico's (BanMex) policy meeting will be held on Aug. 8, noted Societe Generale. The bank expects the BCB, BCCh and Banxico to keep their rates unchanged at these...
Copyright 2023-2026 - www.financetom.com All Rights Reserved