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Cenovus Energy (CVE -2.4%) will make a strong show of support for TransCanada's (TRP) plan to...

Cenovus Energy (CVE -2.4%) will make a strong show of support for TransCanada's (TRP) plan to ship oil sands-derived crude to eastern Canada in a converted natural gas pipeline when bids for capacity are called, VP Don Swystun says on a conference call after Q4 earnings, "so we will be having a significant participation when that line goes to open season."
Comments (8)
  • lorneb
    , contributor
    Comments (144) | Send Message
     
    Good ! Maybe it will help us get away from the ridiculous gong show down south.
    14 Feb 2013, 07:13 PM Reply Like
  • Hendershott
    , contributor
    Comments (1498) | Send Message
     
    You mean the Venezuelan crude? Venezuela's PDVSA owns one of our largest refiners, Citgo.
    14 Feb 2013, 09:10 PM Reply Like
  • lorneb
    , contributor
    Comments (144) | Send Message
     
    No, I mean the Democrats, Republicans, Environmentalists and the Anti-Environmentalist gong show.
    14 Feb 2013, 11:41 PM Reply Like
  • Hendershott
    , contributor
    Comments (1498) | Send Message
     
    Seems like there's a similar production going on in Canada. Basically the shale oil revolution has produced a bunch of crude at different gravities and locations that has upended the present and planned configuration of the distribution and processing systems. It will work out sooner or later because we need it and there's a lot of money to be made.
    15 Feb 2013, 02:49 PM Reply Like
  • lorneb
    , contributor
    Comments (144) | Send Message
     
    Yes, there is a production going on in Canada but there is an interesting difference. In Canada it is driven in the main by environmental concerns. Whereas in the US it appears to be heavily weighted by political posturing in addition to environmental issues. Another interesting point is that a number off high profile Hollywood and other personalities export their personal environmental agendas north of "49" which adds to the mix.
    15 Feb 2013, 08:43 PM Reply Like
  • bobby44
    , contributor
    Comments (181) | Send Message
     
    Still needed is a significant upgrader in northern ab, central sk. 1 million bpd at full capacity should do it. Then the crude can be processed any place EXCEPT the gulf coast refineries. Good for all eastern Canada refiners and offshore sales. Full value for the barrel.

     

    I am a believer in the American economy but the next 4 years will be BRUTAL in all dealings. With the mainline conversion TRP will be a player in many of the big markets for some time to come. Too much money (1.8b) spent on KXL so far.
    14 Feb 2013, 07:38 PM Reply Like
  • tlszatko
    , contributor
    Comment (1) | Send Message
     
    I'm a farmer in US Nebraska, the KXL pipeline is set to go though my farm. Was looking for input on what to expect, as far as payments & saftey of this pipeline. any knowledge of this would be helpful. Thanks Tim
    17 Feb 2013, 04:38 PM Reply Like
  • lorneb
    , contributor
    Comments (144) | Send Message
     
    The first pipeline I am aware built by TransCanada Pipelines Ltd. (TRP) is a natural gas line from Alberta to Ontario in the early to mid 1950's. It was built through some very formidable terrain.
    I don't think you need worry about the company. They have been around a long time and know how to build and operate pipelines. They are a well respected company.
    17 Feb 2013, 07:26 PM Reply Like
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