Trans Mountain Approval
Posted: Fri Jan 12, 2024 7:59 pm
https://www.reuters.com/world/americas/canada-regulator-wraps-up-trans-mountain-pipeline-variance-hearing-2024-01-12/
Eric Nuttall:
“TMX linefill in ~April in my opinion will act as a turning point for sentiment towards Canadian oilsand/heavy oil stocks, by not just lowering the WCS discount to ~$10-12/bbl (from $20+) but as importantly greatly reduce WCS volatility, a major reason why foreign investors have avoided the patch. Next up: Federal election in 2025 (or sooner).”
https://twitter.com/ericnuttall/status/1746909374570733992