Provident Announces Participation in the TD London Energy Conference and January Cash Dividend
12 1월 2012 - 7:50AM
PR Newswire (Canada)
All values are in Canadian dollars. CALGARY, Jan. 11, 2012 /CNW/ -
Provident Energy Ltd. (Provident) (TSX-PVE) (NYSE-PVX) announced
today that Andrew Gruszecki, Executive Vice President, will be
participating in a panel discussion at the TD London Energy
Conference in London, England on Monday, January 16, 2012 at 1:30
p.m. GMT. January 2012 Cash Dividend Provident's January cash
dividend of $0.045 per share is payable on February 15, 2012 and
will be paid to shareholders of record on January 25, 2012. The
ex-dividend date will be January 23, 2012. Provident's 2012
annualized dividend rate is $0.54 per common share. Based on
the current annualized dividend rate and the TSX closing price on
January 10, 2012 of $10.14, Provident's yield is approximately 5.3
percent. For shareholders receiving their dividends in U.S. funds,
the January 2012 cash dividend will be approximately US$0.044 per
share based on an exchange rate of 0.9839. The actual U.S. dollar
dividend will depend on the Canadian/U.S. dollar exchange rate on
the payment date and will be subject to applicable withholding
taxes. Provident Energy Ltd. is a Calgary-based corporation that
owns and manages a natural gas liquids (NGL) infrastructure and
logistics business. Provident's facilities are strategically
located in Western Canada and in the premium NGL markets in Eastern
Canada and the U.S. Provident provides monthly cash dividends to
its shareholders and trades on the Toronto Stock Exchange and the
New York Stock Exchange under the symbols PVE and PVX,
respectively. This news release contains certain forward-looking
statements concerning Provident, as well as other expectations,
plans, goals, objectives, information or statements about future
events, conditions, results of operations or performance that may
constitute "forward-looking statements" or "forward-looking
information" under applicable securities legislation. Such
statements or information involve substantial known and unknown
risks and uncertainties, certain of which are beyond Provident's
control, including the impact of general economic conditions in
Canada and the United States, industry conditions, changes in laws
and regulations including the adoption of new environmental laws
and regulations and changes in how they are interpreted and
enforced, increased competition, the lack of availability of
qualified personnel or management, pipeline design and
construction, fluctuations in commodity prices, foreign exchange or
interest rates, stock market volatility and obtaining required
approvals of regulatory authorities. Such forward-looking
information is provided for the purpose of providing information
about management's current expectations and plans relating to the
future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes, such as
making investment decisions. Such forward-looking statements
or information are based on a number of assumptions which may prove
to be incorrect. In addition to other assumptions identified in
this news release, assumptions have been made regarding, among
other things, commodity prices, operating conditions, capital and
other expenditures, and project development activities. Although
Provident believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue
reliance should not be placed on forward-looking statements because
Provident can give no assurance that such expectations will prove
to be correct. Forward-looking statements or information are based
on current expectations, estimates and projections that involve a
number of risks and uncertainties which could cause actual results
to differ materially from those anticipated by Provident and
described in the forward-looking statements or information. The
forward-looking statements or information contained in this news
release are made as of the date hereof and Provident undertakes no
obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise unless so required by applicable
securities laws. The forward-looking statements or information
contained in this news release are expressly qualified by this
cautionary statement. Provident Energy Ltd. CONTACT: Investor and
Media Contact: Corporate Head Office:Raina Vitanov 2100, 250 - 2nd
StreetManager, Investor Relations SWAshley Nuell Calgary, Alberta
T2PInvestor Relations & 0C1Communications Analyst Phone: (403)
296-2233Phone (403) 231-6710 Toll Free:Email:
info@providentenergy.com 1-800-587-6299Fax: (403)
264-5820www.providentenergy.com
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