Good news for BTE and CPG
Posted: Tue Jan 23, 2024 11:12 am
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.
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.