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The FERC rejects a proposed extension of Enbridge's (ENB; EEP) $2.5B Sandpiper pipeline project...

The FERC rejects a proposed extension of Enbridge's (ENB; EEP) $2.5B Sandpiper pipeline project that would move oil from North Dakota to Wisconsin and Minnesota, saying ENB's proposed rate structure was not supported by existing regulations. ENB has considered the project a key part of its plan for overall expansion in North America.
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Comments (9)
  • pcship
    , contributor
    Comments (39) | Send Message
    Bad news two days in a row. First insurance probably wont cover all expenses of oil spill thus affecting distributions which would affect the stock price & now rejection of their US pipeline projects which are the backbone of their expansion program. May have to rethink my position in UAN.
    22 Mar 2013, 05:18 PM Reply Like
  • Fi-Slut
    , contributor
    Comments (158) | Send Message
    What is UAN?
    22 Mar 2013, 06:29 PM Reply Like
  • Hendershott
    , contributor
    Comments (1616) | Send Message
    Second time Enbridge has had rate disputes with the Eastern refiners recently.
    22 Mar 2013, 06:41 PM Reply Like
  • bakermre
    , contributor
    Comments (124) | Send Message
    The USA consistently blocks all movement of crude oil through Canadian pipes. Guess who benefits? Why it's Warren Buffett's Burlington Northern RR which carries 1 Million bbls/day of crude at below WTI price ex-wellhead with high transportation fees raising crude to premium prices to American markets. Guess who arranged this scenario? Right again: Barak Obama on July 14, 2010 at the White House when Buffett paid him an "unofficial" visit. In addition to the economic crisis, the two men discussed energy reform and other issues, according to the officials. Guess who also benefits? Why it's every ladies' friend from Saudi Arabia, that bastion of liberalism in the Middle-East, who can continue to supply their pristine crude oil to eastern USA markets and Canada at Brent (20% higher) prices. Guess who is the dupe? Why it's Canada, our enemy since 1812, who we (in USA) love to teach a lesson! You always hurt the one you love, don't you know!
    22 Mar 2013, 06:53 PM Reply Like
  • Holthusen
    , contributor
    Comments (661) | Send Message
    "One hand washes the other"
    Obama and "his team" have blocked the development of USA Nat Gas & Petroleum at every turn. While doing He has cost this Country countless new jobs and helped increase the cost of fuel for the average American. His LEGACY will be one of HUGE budget deficit and a HUGE increase in the nation's "entitlement" programs.
    23 Mar 2013, 05:34 AM Reply Like
  • toomuchgas
    , contributor
    Comments (695) | Send Message
    "Not supported by existing regulations"? What does that mean? Can't they figure this out? In Maine we have a saying "can't get thar from he-ah.
    22 Mar 2013, 09:13 PM Reply Like
  • duncansk
    , contributor
    Comments (6) | Send Message
    I'm beginning to believe that Buffet is a slime ball. The idea that he had an unofficial meeting with Obama that may be at the root of the opposition to Eastern pipelines in favor of his Burlington Northern investment is appalling. Then, Buffet recently blessed DiVita, which is the predominant public company in treating diabetes, that has it's outrageous treatment rates buried in Medicare. Buffet is not the average dupe, but there's no excuse for him to not understand the crushing effect that diabetes and DiVita is having and will continue to have even greater impact on this country. It's hard to stomach knowing that people that we should trust to do what's right have only themselves in mind.
    23 Mar 2013, 07:28 AM Reply Like
  • pcship
    , contributor
    Comments (39) | Send Message
    Sorry meant rethink EEP, UAN is CVR Partners. Carl Ichon s fertilizer Co. Just added to my position. It is the only fertilizer co. that does .nt use natural gas to make nitrogen fertilizer so it will not be affected if & when natural gas goes up. RNF is ok for 2013. They locked in ntatural gas prices at $1.00 less than 2011.
    24 Mar 2013, 03:39 PM Reply Like
  • Hendershott
    , contributor
    Comments (1616) | Send Message
    Enbridge wants to put a surcharge on oil delivered through the Sandpiper to pay for the pipeline, the refiners want Enbridge to pay for the expansion. The FERC has sided with the refiners.
    24 Mar 2013, 09:20 PM Reply Like
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