Enbridge's Northern Gateway pipeline approved


Enbridge's (ENB) proposed $6.5B Northern Gateway oil sands pipeline project is approved with conditions by Canada's National Energy Board.

Among the 209 conditions attached to the recommendation is for ENB to develop a marine mammal protection plan and conduct emergency response exercises.

ENB must now seek approval from the federal government, which has 180 days to review the project that would deliver crude from Alberta to the Pacific Coast.

The endorsement could set the tone for other strategic pipelines in Canada's regulatory queue, including ENB's Line 9 reversal, Kinder Morgan’s (KMI, KMP) expansion of its TransMountain line, and TransCanada’s (TRP) Energy East project.

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Comments (28)
  • marpy
    , contributor
    Comments (1703) | Send Message
     
    No matter how many conditions you have, the greens and some first nations will never be happy. So the question really comes down to do you let a small vocal minority dictate to the majority of Canadians? I say not! Yes we have to listen to the concerns and ensure a safe project is built but then we have to get on with it and build it!
    19 Dec 2013, 07:30 PM Reply Like
  • lorneb
    , contributor
    Comments (328) | Send Message
     
    The so called greens and first nations have been listened to and listened to and listened to ----- now they want to challenge it in court. They are like little children who when they can't win a game by the rules want to keep changing the rules till they finally win. I wonder if we could sue them for the time, trouble and cost to us because of their ridiculous games.
    I wish I could say how I really feel!
    19 Dec 2013, 10:06 PM Reply Like
  • jack20
    , contributor
    Comments (498) | Send Message
     
    Marpy: Your right! If memory serves me ENB offered First Nations 10% of the pipelines profits if approved. If this is fact they will never get a better deal than this not to mention how many jobs will be created. I am sure Canada property tax system is similar to the states: Where ever a pipeline goes local property taxes are paid, year after year after year!!!
    19 Dec 2013, 10:12 PM Reply Like
  • phil sigmund
    , contributor
    Comment (1) | Send Message
     
    Anyone cognizant of the proposed tanker marine environment; the seismic risk in the mountain crossings and the long term toxicity of diluent-bitumen mixtures understand that it can never be safe. Canadians are foolish to consider this;British Columbian's time and again have made it clear they don't want it. Our feelings are 2x those of Albertan's when the NEP was shoved down their throat.
    20 Dec 2013, 12:17 AM Reply Like
  • Fracjob
    , contributor
    Comments (2120) | Send Message
     
    Waking up every day is a risk, but we all think it is preferable to the alternative. "Toxicity" of diluent-bitumen mixtures is a bit dramatic, to say the least.
    20 Dec 2013, 11:16 AM Reply Like
  • WestEndDividend
    , contributor
    Comments (207) | Send Message
     
    I support this Project, but to be fair, there is nothing more descriptive of diluent/bitumen (or any petroleum) than "toxic"

     

    To say otherwise is to engage in euphemism.
    20 Dec 2013, 01:35 PM Reply Like
  • Fracjob
    , contributor
    Comments (2120) | Send Message
     
    Most people end up deceased because of mutation of cells, or because they have consumed food (heart disease). You can't link petroleum products to any measurable degree to these facts. You can make something up about air pollution, but that is all the conjecture that you have.
    20 Dec 2013, 02:44 PM Reply Like
  • lorneb
    , contributor
    Comments (328) | Send Message
     
    WestEndDividend, I think you mean "deceptive" rather than "descriptive".
    21 Dec 2013, 11:48 AM Reply Like
  • WestEndDividend
    , contributor
    Comments (207) | Send Message
     
    no, describing DilBit as toxic is what I meant :)
    16 Jul 2014, 03:48 PM Reply Like
  • WestEndDividend
    , contributor
    Comments (207) | Send Message
     
    I suppose cells just magically mutate more in areas where petroleum is extracted/processed/sp...

     

    Polycyclic Aromatic Hydrocarbons are not made-up...
    http://1.usa.gov/1qg8AdT

     

    "PAHs occur naturally in bituminous fossil fuels..."
    http://bit.ly/1qg8xyJ

     

    Something about head in the sand...blah blah
    16 Jul 2014, 03:52 PM Reply Like
  • jack20
    , contributor
    Comments (498) | Send Message
     
    Anyone have an idea as to what company or companies will be providing the steel pipe for Gateway and Trans Mountain projects.
    20 Dec 2013, 11:20 AM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    jack20:

     

    One company that I own does a lot of the pipeline work.
    Macro Enterprises Inc (OTC:MCESF) (tsxv MCR)
    http://bit.ly/192fgP8

     

    http://bit.ly/192feXs

     

    Too bad nobody has written any articles here at Seeking Alpha on Macro Enterprises.
    21 Dec 2013, 09:52 PM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    jack20:

     

    I found their presentation that list all their major customers:
    Enbridge
    Nexen
    Williams Energy
    TransCanada

     

    Spectra
    Cenovus
    AltaGas
    Pembina

     

    http://bit.ly/1ccUdhk
    22 Dec 2013, 12:44 AM Reply Like
  • fredericgilbert
    , contributor
    Comments (17) | Send Message
     
    First Nations will use the Greens to challenge ENB and drive up the monetary compensation until a price is settled upon in exchange of their acceptance of the project.

     

    Once that price established, the First Nations will drop the Greens and cash the money.
    20 Dec 2013, 11:48 AM Reply Like
  • jack20
    , contributor
    Comments (498) | Send Message
     
    River18: Thank you for the heads up on MCESF. I plan to buy some on Monday. I think you found a sleeper. My guess is all the major pipe projects are going to get approved at about the same time creating a real skilled labor shortage in Canada. What a wonderful problem to have!! Hopefully some of this positive news will spill over to the E&Ps. We might even see Americans sneaking over the border to work in Canada. Would that not be ironic!!! Merry Xmas& Happy New Year!
    22 Dec 2013, 09:41 AM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    jack20:

     

    Yes, I think you can buy Macro at a 21% discount from where I bought a couple of months ago.
    Oct 21, 2013...Shares In...MCESF
    bought 1000 shares at $7.03. Right at the top of the 52 week range.
    52wk Range:...$1.70 - $7.09.
    So this stock has really tripled in value in the past year and some folks are just locking in profits is my guess.
    But I bought thinking that there is going to be all kinds of work for Macro over the next 5 years with the growth in the oil sands and the LNG export facilities, and the extra nat gas wells that will be drilled in the future.
    The Macro website is a little tricky. Because they have you first go to the parent company Macro Industries, but MCESF is the ticker for Macro Enterprises. In the Macro Industries website under the investor page, one has to find and see the "link" to the Macro Enterprises website.
    1) http://bit.ly/1bZf071
    Here the Canadian ticker is wrong and I sent them an email to see if they can fix the error. The Canadian ticker is MCR.
    2) http://bit.ly/192feXs
    From 1) you have to find the link that says "please click here" to visit the Macro Enterprises website. Which brings you the website where one can get to their presentation.
    3) http://bit.ly/1bZf2M1

     

    Wishing you a Merry Xmas & Happy New Year!
    Hoping for a better 2014 for our Canadian energy names.
    Especially LSTMF....................
    22 Dec 2013, 11:53 AM Reply Like
  • lorneb
    , contributor
    Comments (328) | Send Message
     
    Jack20, "Sneaking" over the border won't be necessary if there is the labour shortage you suggest. During other major construction projects such as the Syncrude plant hundreds of people from USA and other countries were recruited to fill the gap.
    22 Dec 2013, 01:56 PM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    Iorneb:

     

    I found too many results for "US workers in Canada"
    http://bit.ly/1e3tnH1

     

    http://bit.ly/1e3tpP9
    22 Dec 2013, 03:01 PM Reply Like
  • summerbeachman
    , contributor
    Comment (1) | Send Message
     
    Thanks Jack20, Macro was one of the top ranked stocks when I first started using the Vector Vest program here in Canada. Took a flyer and bought a bunch at $1.50 and have since bought more several times as the price kept rising, my last two purchases were over the $7.00 price. Since then it's dropped off and seems to be in the $6 to $6.50 range, seems to always pop up after their quarterly results come up so I'm holding till next one is out in March as they always seem to have great results. Likely going to be at least a 3 - 5 year hold for me. Still quite under the radar for most but one of my favourite Canadian fund managers Jason Donville of Donville Kent Asset Management has mentioned it's popped up on his screens and he'll likely look into it and probably meet with management. He appears on BNN.CA (business news network) here in Canada on their Market Call shows and has given me great Canadian winners like CFN and DND (check out their year long charts) and he was an early believer in CSU and GIB.A - another two great winners.
    12 Jan 2014, 11:59 PM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    summerbeachman:

     

    I just bought another 1000 Macro shares last Friday to average down from my buy a few weeks back at higher levels. This stock has gone up some 400% in the last couple of years, so you have a real winner. Now let's hope the LNG export facilities get built in BC.

     

    Macro Enterprises Inc. (MCR)
    $6.10...Change: -$0.07 or (-1.13%)
    Volume: 58,240
    http://bit.ly/192feXs

     

    MACRO ENTERPRISES INC (OTC:MCESF)
    $5.60...Change: -$0.005 or (-0.09%)
    Volume: 1,000
    13 Jan 2014, 10:33 PM Reply Like
  • bob adamson
    , contributor
    Comments (4560) | Send Message
     
    Enbridge and the Canadian Federal Government, both of which really wanted this project to proceed, handled the consultations in British Columbia very badly from the offset. Whether justified or not the impression created was that the project would proceed as proposed, the consultation and review process was merely a formality and reservations or concerns that might be expressed were prima facie without real merit.

     

    Belatedly Enbridge undertook serious negotiations with First Nations groups and other interested groups and began revising the details of their proposal to address the special circumstances entailed in running a pipeline across 7 mountain ranges and exporting bitumen by tanker through some of the most challenging coastal waters of the North Pacific. This delay was fatal to the possibility that the majority in BC would have trust in the intentions of both Enbridge and the Federal Government with regard to the project proposal however presented.

     

    Arguably, if Enbridge and the Federal Government had from the offset proceeded in a less ham handed and arrogant manner there would have been a better reception, even within First Nation circles. The contrast between the later rollout of and reception to ambitious LNG development proposals in north west BC and the Northern Gateway fiasco make my point.

     

    Both the BC Provincial Government and the Federal Government implicitly would like some modified version of the Northern Gateway project to proceed but each is distancing itself from Enbridge. The project is simply too toxic politically at present.
    22 Dec 2013, 12:09 PM Reply Like
  • jack20
    , contributor
    Comments (498) | Send Message
     
    Lorneb: I was only justing. It will be a wonderful problem to have, and will bring untold wealth to Canada. I have friends living in Cape Breton and they tell me that thanks to the oil boom in Alberta there is all most zero unemployment in Nova Scotia. Besides the high paying jobs these pipelines will create think about all the local property taxes they will pay on a yearly basis.
    22 Dec 2013, 03:43 PM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    jack20:

     

    Did you get to see what I found all by myself on WRIGHT, JOHN DAVID. ??? under comments.

     

    http://seekingalpha.co...
    22 Dec 2013, 04:11 PM Reply Like
  • jack20
    , contributor
    Comments (498) | Send Message
     
    River18: Thanks. Devon Shire has a full write up today on SGL. Investors don't like LTS leverage at 3:1 so I can't see buying SGL at 3.6:1. I am staying with LTS and will be buying more if it goes under $U.S.5. Canadian E&Ps have been in the dog house for 3 years. We certainly are not buying into a bubble, but it will try our patience. With movement starting on major oil pipelines in Canada I do feel we are at the bottom. By mid Jan. a lot more oil will start leaving Cushing than coming in. Hopefully this will keep WTI at least at $90 which should benefit the E&Ps.
    22 Dec 2013, 05:11 PM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    jack20:

     

    Yes, I'm in the middle of reading the Devon Shire piece on SGL. I will finish it later after I go do some shopping first.
    Looks like I will have plenty of time to add more shares to my (OTCQX:SGLRF) position in the coming weeks.
    22 Dec 2013, 05:44 PM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    jack20:

     

    Was that you that bought 500 Macro shares today???
    Or do you by them on the TSX with Canadian money???

     

    Also do you own any Alvopetro shares from the sale of Petrominerales???
    In Canada it closed at $1.11.
    But here on the US side somebody wanted to dump their shares really bad.
    12/23/2013...3:20 PM EST
    $0.06....1,538 shares sold....closing price...$-1.01

     

    I can't find any news on this one.
    Maybe you can call or email John Wright to see if he knows anything.
    Maybe they got kicked out of Brazil???
    23 Dec 2013, 11:28 PM Reply Like
  • jack20
    , contributor
    Comments (498) | Send Message
     
    River18: Didn't make any transactions today. Not sure what you mean about 500 shares of MCESF?? Think my Schwab screen showed 200-300,000 shares traded today. I sold all my Petrominerales before the deal closed so do not have shares in the stub.
    24 Dec 2013, 12:09 AM Reply Like
  • River18
    , contributor
    Comments (2713) | Send Message
     
    500 was the shares traded in the US today.

     

    Macro Enterprises Inc. (OTC:MCESF)
    Volume: 500

     

    http://yhoo.it/1lc3Bmj
    24 Dec 2013, 12:56 AM Reply Like
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