The Canada Energy Regulator (CER) on Friday approved a request for a change in construction for the final stretch of the Trans Mountain oil pipeline expansion project, clearing the path for its completion early this year.
The C$30.9-billion ($23.05 billion) expansion will nearly triple the flow of crude on Trans Mountain from Alberta to Canada's Pacific Coast but has been plagued by years of delays and cost overruns.
This is also good news for all of Canadian companies in our Small-Cap Growth Portfolio (HMENF, IPOOF, ROKRF, ZPTAF) because the Trans Mountain pipeline will significantly lower the differentials on Canadian oil.
Good news for BTE and CPG
Good news for BTE and CPG
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Good news for BTE and CPG
Note from Keith Kohl at The Energy Investor newsletter:
"The Trans Mountain Pipeline expansion project is now 95% complete, which will carry more crude from the Alberta oil sands to be exported in British Columbia. The project will bring an additional 590,000 barrels per day of capacity to the pipeline, giving it a total capacity of approximately 890,000 barrels per day. It’s been a long time coming, but this could finally open up more Canadian exports to Asian countries like China."
"The Trans Mountain Pipeline expansion project is now 95% complete, which will carry more crude from the Alberta oil sands to be exported in British Columbia. The project will bring an additional 590,000 barrels per day of capacity to the pipeline, giving it a total capacity of approximately 890,000 barrels per day. It’s been a long time coming, but this could finally open up more Canadian exports to Asian countries like China."
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group