Gas distributors in eastern Canada are crying foul over service changes proposed by TransCanada (TRP) to its cross-country natural gas mainline that would limit shippers’ ability to renew delivery contracts. TRP says it needs longer-term commitments to plan for new infrastructure development, including converting portions of the mainline to carry oil. [View news story]
It is a changing world. The shale gas from the east. The lack of gas firm service requirements from the west. These things (and others)make for a new business model. Everyone wants the best service for the least short term cost. Then worry about the longer term when it gets here. All that is great for the bottom line BUT the LDCs and the transmission companies are 'married' and must come to terms that benefit both partners.
A more open border for oil and gas to travel north and south to meet continental demand will help everyone. (Mr. Obama, do you ever read any of this stuff?)
TransCanada: Pipelines To Grow The Economy [View article]
I have dealt with TRP for some time and found them to be honest and socially responsible. That and the fact they make money is why TRP is a cornerstone of my financial future. I hope to see them convert the east line to oil and then offer an on ramp to ND production. Is a presidential permit needed to send oil to Canada for pipeline transport? Or does it need a Buffet permit?
Obama says the jobs are overstated. How is his job plan doing? Does the country have so many jobs he can kiss off these jobs so easily?
Keystone may be refused by the 'dynamic duo' but TRP will continue to develop and grow. So will my retirement fund!
Keystone (TRP) supporters can take heart from a new Pew Research poll showing broad popular support for the controversial pipeline, ranging across party lines and all age groups. But the poll showed public concern about another hot-button energy issue facing the Obama administration: fracking for natural gas and oil, which draws only 48% support. [View news story]
We used to use the terms 'water flood', 'fire flood', 'nitrogen frack' for various enhanced production methods. They are not the same as today's hydraulic fracking.
The cars of 60 years ago are not the same either; but they are still cars. Call it evolved.
Used in a proper (regulated) manner fracking and other methods will help us all. The regulations are in place and can be reviewed anytime. Audits and review/inspections can ensure compliance. We can press forward but with caution because you can not put the sh#t back in the horse.
Usually those with the least information for opinions first.
I do not believe Obama is even thinking about KXL. His mind is made up. There is a little time for payback to pals, just like all other presidents. Then the decision will be announced.
We just need to know if his buds are more important than the American people.
And to a lesser extent the Canadian people.
To a larger extent the future of North America and how it deals and behaves with it's partners.
TransCanada (TRP -0.2%) isn't yet sure how it will be affected by Canada's decision to fix multi-year tolls on its Mainline natural gas system but reject a proposal to subsidize costs via short-haul routes. It’s time to start putting Canada's backbone energy transport system to better use by turning parts of it into an oil pipeline and open a new market for Alberta’s oil in Canada’s East, Claudia Cattaneo writes. [View news story]
Long term vision. Short term politics.
The proposal has been around for some time. Keystone is part of a pipeline reuse in the west. To do a long haul conversion requires many parties to be onside. Most are saying "what is in it for me?" (short term)
Those with long memories recount the pipeline debate and a fallen government. The long term value of that continues to serve Canada today.
Let us hope we do not follow a similar path to approvals of this and other pipeline proposals. How about asking "what's in it for Canada?" (long term)
Canada's National Energy Board approves setting fixed tolls on TransCanada’s (TRP) Mainline pipeline network, a move the regulator says will help keep the cross-country system profitable as it faces increasing competition from U.S. shale gas supplies. Critics say TRP, as owner of the pipeline, should bear the brunt of costs associated with declining eastbound shipments. [View news story]
Ask a regulated company to take the losses.
Why was the line regulated? Oh yes. So the company could not have the ability to charge whatever toll it wanted and get excess profits.
You can not have it both ways. I trust the NEB takes into consideration the overall long term benefit to the nation.
Dark times ahead?? Could be, but I too have faith in management to continue to evolve the company. As long as the profit on current products remains strong they will have the cash to spend on that evolution.
Sector weakness does not translate automatically. I will be adding to my position on any significant pull back.
The recent NYT editorial calling on Pres. Obama to "say no" to the Keystone pipeline (TRP) is tantamount to a declaration of war of Canada's oil sands, Financial Post's Terence Corcoran asserts. "Tar sands oil should be among the first fossil fuels we decide to leave alone," the Times says. "This is war somebody is going to lose, and [the Times] has decided on Canada," Corcoran answers. [View news story]
Thank goodness the NYT is becoming irrelevant in the world. Ever wonder why?
Crude from Alberta is going to make it to market no matter if the Keystone pipeline gets built: Even as the cost to ship a barrel of oil by rail to the U.S. Gulf is double the price for pipeline transit, rail terminals this year are set to double Y/Y how much oil they load into rail cars. Yet rail shipments haven't cut interest in pipeline expansion, which has 95% of its capacity contracted. [View news story]
NO. YES. It is not real environmentalists at work. It is political nutjobs.
Berry Petroleum Sale Metrics Suggest Penn West Is On Sale [View article]
I am holding PWE for the dividend and reinvestment ( for some time now) The ride is bumpy but I have not flinched because of the payout. The company has had many tax advantages they could not use as a trust. They are using them now and that is the basis of the maintaining the dividend in relation to profit. Of course it will end and by then the profit should have returned. A pipe going east or west will help all light oil producers. A pipe south will help all heavy oil producers.( my own thoughts - related to producer demands for each line.)
Look for the price to catch value in a couple of years. Lots of investment to make and development to do yet. JV may be the way to go here.
For a while I thought I was the only person to see value in the falling price. Thank you for a more in depth study!
A TransCanada (TRP) exec is "optimistic" that within weeks it will decide to construct a pipeline that would bring light, sweet crude to refineries on the east coast of Canada and the U.S. TRP has said it was looking into converting its Main Line gas pipeline between Alberta and the Quebec-Vermont border into a crude oil pipeline; a converted Main Line could carry 500K-900K bbl/day, depending on shipper interest. [View news story]
I love it. Send 900k barrels east. That frees up 900k barrels in pipelines to the USA. Send heavy oil south in that capacity. This means NO EXTRA capacity to the USA. Could be touchy!!
Most forecasts are made on the assumption that the US economy has been choked enough that there is little growth for energy. I do not share that assumption and believe the economy will be running well soon after Nov 2016. I also believe a lot of "green" technology will be developed and manufactured in the USA. But the oil requirement is not going away any time soon. ( neither is coal)
The State Department report finding little environmental cause not to build the Keystone pipeline (TRP) is viewed by Jefferies analysts as an important step toward the project's ultimate approval. The firm believes North American Energy Partners (NOA), whose earnings have been pressured by excess oil sands capacity, has significant leverage to the news. Other key beneficiaries: PDS, WFT, BHI. [View news story]
A big hurdle could be cleared for the Keystone XL pipeline (TRP) as the State Department may release as early as today its draft environmental assessment of the project, reports The Globe and Mail. It will reportedly say the pipeline represents no more environmental threat than any other mode of transportation. [View news story]
Pengrowth Energy: A 53% Discount To Book Value Plus A 12% Yield [View article]
Thank you! This is a back up of my own take on this stock. I recently bailed. Had it from a trust and could just not take the pain any more. I believe in the company - just not in the management of it. They had many good CCAs from the trust days and have squandered them all.
I like a company that looks ahead to new revenue. I love a company that BUILDS on it's assets to get there.
Gas distributors in eastern Canada are crying foul over service changes proposed by TransCanada (TRP) to its cross-country natural gas mainline that would limit shippers’ ability to renew delivery contracts. TRP says it needs longer-term commitments to plan for new infrastructure development, including converting portions of the mainline to carry oil. [View news story]
A more open border for oil and gas to travel north and south to meet continental demand will help everyone. (Mr. Obama, do you ever read any of this stuff?)
TransCanada: Pipelines To Grow The Economy [View article]
I hope to see them convert the east line to oil and then offer an on ramp to ND production. Is a presidential permit needed to send oil to Canada for pipeline transport? Or does it need a Buffet permit?
Obama says the jobs are overstated. How is his job plan doing? Does the country have so many jobs he can kiss off these jobs so easily?
Keystone may be refused by the 'dynamic duo' but TRP will continue to develop and grow. So will my retirement fund!
Keystone (TRP) supporters can take heart from a new Pew Research poll showing broad popular support for the controversial pipeline, ranging across party lines and all age groups. But the poll showed public concern about another hot-button energy issue facing the Obama administration: fracking for natural gas and oil, which draws only 48% support. [View news story]
The cars of 60 years ago are not the same either; but they are still cars. Call it evolved.
Used in a proper (regulated) manner fracking and other methods will help us all. The regulations are in place and can be reviewed anytime. Audits and review/inspections can ensure compliance. We can press forward but with caution because you can not put the sh#t back in the horse.
Usually those with the least information for opinions first.
As Pres. Obama weighs approving the Keystone pipeline (TRP), a recent series of energy mishaps, including a spill in Arkansas from a pipeline owned by Exxon (XOM), aren't helping the pro-pipeline cause. The administration isn't saying how the spill is affecting its thinking. Yet a larger spill from a train in Minnesota last week drew little criticism, even as oil pipelines carry far more crude and have fewer leaks per mile. [View news story]
We just need to know if his buds are more important than the American people.
And to a lesser extent the Canadian people.
To a larger extent the future of North America and how it deals and behaves with it's partners.
As Pres. Obama weighs approving the Keystone pipeline (TRP), a recent series of energy mishaps, including a spill in Arkansas from a pipeline owned by Exxon (XOM), aren't helping the pro-pipeline cause. The administration isn't saying how the spill is affecting its thinking. Yet a larger spill from a train in Minnesota last week drew little criticism, even as oil pipelines carry far more crude and have fewer leaks per mile. [View news story]
TransCanada (TRP -0.2%) isn't yet sure how it will be affected by Canada's decision to fix multi-year tolls on its Mainline natural gas system but reject a proposal to subsidize costs via short-haul routes. It’s time to start putting Canada's backbone energy transport system to better use by turning parts of it into an oil pipeline and open a new market for Alberta’s oil in Canada’s East, Claudia Cattaneo writes. [View news story]
The proposal has been around for some time. Keystone is part of a pipeline reuse in the west. To do a long haul conversion requires many parties to be onside. Most are saying "what is in it for me?" (short term)
Those with long memories recount the pipeline debate and a fallen government. The long term value of that continues to serve Canada today.
Let us hope we do not follow a similar path to approvals of this and other pipeline proposals. How about asking "what's in it for Canada?" (long term)
Canada's National Energy Board approves setting fixed tolls on TransCanada’s (TRP) Mainline pipeline network, a move the regulator says will help keep the cross-country system profitable as it faces increasing competition from U.S. shale gas supplies. Critics say TRP, as owner of the pipeline, should bear the brunt of costs associated with declining eastbound shipments. [View news story]
Why was the line regulated? Oh yes. So the company could not have the ability to charge whatever toll it wanted and get excess profits.
You can not have it both ways. I trust the NEB takes into consideration the overall long term benefit to the nation.
Dark Times Ahead For Cisco [View article]
Could be, but I too have faith in management to continue to evolve the company. As long as the profit on current products remains strong they will have the cash to spend on that evolution.
Sector weakness does not translate automatically. I will be adding to my position on any significant pull back.
The recent NYT editorial calling on Pres. Obama to "say no" to the Keystone pipeline (TRP) is tantamount to a declaration of war of Canada's oil sands, Financial Post's Terence Corcoran asserts. "Tar sands oil should be among the first fossil fuels we decide to leave alone," the Times says. "This is war somebody is going to lose, and [the Times] has decided on Canada," Corcoran answers. [View news story]
Crude from Alberta is going to make it to market no matter if the Keystone pipeline gets built: Even as the cost to ship a barrel of oil by rail to the U.S. Gulf is double the price for pipeline transit, rail terminals this year are set to double Y/Y how much oil they load into rail cars. Yet rail shipments haven't cut interest in pipeline expansion, which has 95% of its capacity contracted. [View news story]
YES.
It is not real environmentalists at work. It is political nutjobs.
Berry Petroleum Sale Metrics Suggest Penn West Is On Sale [View article]
Look for the price to catch value in a couple of years. Lots of investment to make and development to do yet. JV may be the way to go here.
For a while I thought I was the only person to see value in the falling price. Thank you for a more in depth study!
A TransCanada (TRP) exec is "optimistic" that within weeks it will decide to construct a pipeline that would bring light, sweet crude to refineries on the east coast of Canada and the U.S. TRP has said it was looking into converting its Main Line gas pipeline between Alberta and the Quebec-Vermont border into a crude oil pipeline; a converted Main Line could carry 500K-900K bbl/day, depending on shipper interest. [View news story]
Most forecasts are made on the assumption that the US economy has been choked enough that there is little growth for energy. I do not share that assumption and believe the economy will be running well soon after Nov 2016. I also believe a lot of "green" technology will be developed and manufactured in the USA. But the oil requirement is not going away any time soon. ( neither is coal)
The State Department report finding little environmental cause not to build the Keystone pipeline (TRP) is viewed by Jefferies analysts as an important step toward the project's ultimate approval. The firm believes North American Energy Partners (NOA), whose earnings have been pressured by excess oil sands capacity, has significant leverage to the news. Other key beneficiaries: PDS, WFT, BHI. [View news story]
A big hurdle could be cleared for the Keystone XL pipeline (TRP) as the State Department may release as early as today its draft environmental assessment of the project, reports The Globe and Mail. It will reportedly say the pipeline represents no more environmental threat than any other mode of transportation. [View news story]
Pengrowth Energy: A 53% Discount To Book Value Plus A 12% Yield [View article]
This is a back up of my own take on this stock. I recently bailed. Had it from a trust and could just not take the pain any more. I believe in the company - just not in the management of it. They had many good CCAs from the trust days and have squandered them all.
I like a company that looks ahead to new revenue. I love a company that BUILDS on it's assets to get there.
If they fall flat Mar 1 I may be back.