Quote:
Originally Posted by Jack Hardin
They were just saying on the news that this isn't a done deal yet. Trans Canada will look at the new route to see if it's viable and profitable. When Keystone started, Oil was 3 times a much as it is today plus, Trans Canada now has to deal with all the landowners that the new route will cross.
The twining of the pipline to the BC coast will be delayed indefinitely. Although approved by the Feds, they are not interested in pushing against Provincial and Municipal opposition to it. I don't expect to see shovels in the ground in my lifetime.
|
Transcanada is crying to the alberta government to buy contracted capacity on the line.... I am guessing they are having a rough time filling it. Funny how they tout free market but cry for handouts from the government while firing every worker that isnt bolted down.
They are trying to get 375 000 barrel commitment from the alberta government so the line is almost half empty if they were to build it.... and it is a direct ride to cushing which probably isnt a very appealing ride to throw your oil on if you own an oil company.
The credit is probably alittle tougher to get when all your shippers probably arent making money. They need how ever many billions to build the thing and put up with the delays so it ll be a tough sell to shove out bonds with a small coupon.