Trans Mountain Approval

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mitchl
Posts: 101
Joined: Tue Aug 15, 2023 10:24 pm

Trans Mountain Approval

Post by mitchl »

https://www.reuters.com/world/americas/canada-regulator-wraps-up-trans-mountain-pipeline-variance-hearing-2024-01-12/
mitchl
Posts: 101
Joined: Tue Aug 15, 2023 10:24 pm

Re: Trans Mountain Approval

Post by mitchl »

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
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