Canada: Trans Mountain Pipeline Update

[dan_s]

Note from Morgan Stanley Research this morning (2/7)
"The Trans Mountain Pipeline (TMX) is expected to begin linefill in 1Q24, tracking to a 2Q24 in-service date. The
pipe expansion will add 590 Mbbl/d of oil egress capacity out of Alberta to the Pacific coast. We expect this to support
more stable WTI-WCS price spreads, helping realizations for oil sands operators."

Good news for BTE, CPG, DVN, OVV, ROKRF, ZPTAF, HMENF and IPOOF < HMENF gets the most benefit from lower WCS differentials because it is a pure play on heavy oil.