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  • Wall Street Breakfast: U.S. To Hike, Eurozone To Ease? [View article]
    One is totally irrelevant to the other which is why that argument has never gone anywhere.
    Nov 20, 2015. 09:26 AM | 1 Like Like |Link to Comment
  • Trudeau says Canada's record to blame for Obama's "dirty" oil remark [View news story]
    Junior as many in Canada call him is very short on political experience and does not realize that Obama (who will soon be history) is just playing him.
    Nov 17, 2015. 05:24 PM | 3 Likes Like |Link to Comment
  • 2.7 Billion Cubic Feet Per Day of New Contracts Leads to $570 Million NGTL System Expansion [View article]
    TRP is a lot more than Keystone XL as it has power generation assets, Nat gas storage, Canada's by far largest network of nat gas pipelines and many other oil pipelines. It is a big player on both sides of the boarder. Even with Keystone, when the current administration is replaced with a common sense administration, then their is a very good chance that XL will be approved.
    Nov 16, 2015. 09:11 AM | Likes Like |Link to Comment
  • Crude Oil: OPEC Ministers Face A Supply Bonanza [View article]
    The relationship between rig count and inventories is irrelevant without looking at imports and production. Economic cycles come and go but demand will continue to increase for the foreseeable future. The decrease in investment is not just in North American shale but world wide in all non OPEC production. The above tells you two things:

    1) OPEC is manipulating prices in North American and everywhere else (they have a fleet of loaded tankers sitting in the Gulf of Mexico and elsewhere that they can land anytime they want to keep prices where they want)
    2) Over the medium to long term, OPEC market share and prices are headed higher.

    Nov 16, 2015. 09:03 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Marriott, Starwood Announce Mega Hotel Merger [View article]
    The Oil Tankers amount to OPEC ammunition in the battle for market share which means that the price of oil does not go up till they think it should. As for the North Dakota wells, its dead money till OPEC decides otherwise and for many producers it will be to little to late.
    Nov 16, 2015. 08:46 AM | 3 Likes Like |Link to Comment
  • North Dakota oil well backlog surpasses 1,000 for the first time [View news story]
    They just keep shooting themselves in the foot by drilling and increasing debit load as when they do bring these wells on line, it will just put the dampers on any price increase. Spending money to drill what you can not put on line is not a good strategy as it just further delays any price recovery.
    Nov 15, 2015. 09:08 AM | 3 Likes Like |Link to Comment
  • TransCanada to build ~$500M Mexico gas pipeline contract [View news story]
    they need something to keep them busy till Obama exits the white house and is hopefully replaced by someone with common sense.
    Nov 11, 2015. 11:57 AM | 3 Likes Like |Link to Comment
  • Keystone killing adds to cloudy outlook for pipeline companies [View news story]
    Obama's blunder.

    TransCanada Media Advisory: Keystone XL Permit Denial Compromises Environment, Economy, Jobs and Public Safety in the U.S. and Canadaless than 1 minute ago by Marketwire Canada

    TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today released the following statement from President and Chief Executive Officer Russ Girling following U.S. President Obama's denial of a Presidential Permit to build the Keystone XL pipeline:

    We are disappointed with the President's decision to deny the Keystone XL application.

    Today, misplaced symbolism was chosen over merit and science - rhetoric won out over reason.

    The U.S. consumes over seven million barrels per day more oil than it produces and will continue to do so for decades, even despite U.S. oil production increases. It is disappointing the administration appears to have said yes to more oil imports from Iran and Venezuela over oil from Canada, the United States' strongest ally and trading partner, a country with rule of law and values consistent with the U.S.

    Today's decision deals a damaging blow to jobs, the economy and the environment on both sides of the border.

    Through the course of its review, the U.S. State Department issued five very comprehensive and balanced scientific reviews of Keystone XL since 2010. Tens of thousands of pages of evidence from its own employees and agencies irrefutably show Keystone XL is the safest, most environmentally sound way to transport needed energy to Americans.

    These reviews further found that approval or denial of Keystone XL would be unlikely to significantly impact the rate of production in the oil sands, or the continued demand for heavy crude oil at refineries in the United States.

    In addition, the State Department's review presented compelling evidence that clearly should have satisfied the President's stated test that Keystone XL would not significantly exacerbate greenhouse gas (GHG) emissions.

    The State Department's January 31, 2014 Final Supplemental Environmental Impact Statement also concluded that the total annual GHG emissions transporting oil by rail to the Gulf Coast is about 42 percent greater compared to transporting that same oil through Keystone XL.

    Today's decision cannot be reconciled with the conclusions of the State Department's comprehensive seven year review of the project.

    Numerous independent studies have consistently concluded that the safest way to transport oil is in a modern, safe pipeline. Keystone XL would help replace the higher risk trucks, trains, barges and tankers currently carrying oil to market, and would provide the U.S. with energy supply security by connecting U.S. and Canadian producers to American refineries with a pipeline running four feet under the ground.

    By dismissing the 9,000 jobs for Americans building Keystone XL as "only temporary", the administration has ignored the value of infrastructure jobs and has taken away work from those who seek it. In total, some 42,000 related jobs would not be created in the U.S. value chain as a result of this decision.

    Counties and communities will no longer have access, annually, for the life of the project, to hundreds of millions of additional dollars in revenue generated from taxes paid by a company that has already injected almost $200 million in tax revenue into communities along the existing Keystone route.

    In Canada, the U.S. denial impacts citizens across our nation at a time when jobs, economic stimulus and competitiveness are critical for the country.

    This has been a shovel ready project in Canada since it was deemed to be in the public interest by the National Energy Board in March of 2010. Keystone XL would put 2,200 skilled Canadians to work almost overnight, with thousands more workers benefiting along the full value chain. Canadian manufacturers will lose out on millions more of spin-off activity that this US$8 billion privately-funded project would provide.

    We are thankful for the support of American and Canadian workers, labor organizations, industry, our shippers and, most of all, Americans and Canadians.

    TransCanada is reviewing the decision and its rationale. We believe KXL is in the best interest of the United States and Canada.

    Russ Girling, President and CEO, TransCanada

    With more than 65 years' experience, TransCanada is a leader in the responsible development and reliable operation of North American energy infrastructure including natural gas and liquids pipelines, power generation and gas storage facilities. TransCanada operates a network of natural gas pipelines that extends more than 68,000 kilometres (42,100 miles), tapping into virtually all major gas supply basins in North America. TransCanada is one of the continent's largest providers of gas storage and related services with 368 billion cubic feet of storage capacity. A growing independent power producer, TransCanada owns or has interests in over 10,900 megawatts of power generation in Canada and the United States. TransCanada is developing one of North America's largest liquids delivery systems. TransCanada's common shares trade on the Toronto and New York stock exchanges under the symbol TRP. Visit and our blog to learn more, or connect with us on social media and 3BL Media.


    This publication contains certain information that is forward-looking and is subject to important risks and uncertainties (such statements are usually accompanied by words such as "anticipate", "expect", "believe", "may", "will", "should", "estimate", "intend" or other similar words). Forward-looking statements in this document are intended to provide TransCanada security holders and potential investors with information regarding TransCanada and its subsidiaries, including management's assessment of TransCanada's and its subsidiaries' future plans and financial outlook. All forward-looking statements reflect TransCanada's beliefs and assumptions based on information available at the time the statements were made and as such are not guarantees of future performance. Readers are cautioned not to place undue reliance on this forward-looking information, which is given as of the date it is expressed in this news release, and not to use future-oriented information or financial outlooks for anything other than their intended purpose. TransCanada undertakes no obligation to update or revise any forward-looking information except as required by law. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the anticipated results, refer to the Quarterly Report to Shareholders dated July 30, 2015 and 2014 Annual Report filed under TransCanada's profile on SEDAR at and with the U.S. Securities and Exchange Commission at

    FOR FURTHER INFORMATION PLEASE CONTACT: TransCanada Media Enquiries: Mark Cooper/Davis Sheremata 403.920.7859 or 800.608.7859

    TransCanada Investor & Analyst Enquiries: David Moneta/Lee Evans 403.920.7911 or 800.361.6522

    Nov 8, 2015. 03:54 PM | 8 Likes Like |Link to Comment
  • Keystone killing adds to cloudy outlook for pipeline companies [View news story]
    Taking the legal route makes sense since under the free trade agreement, Obama's blunder could be come quite expensive if TRP takes them to court.
    Nov 8, 2015. 03:06 PM | 1 Like Like |Link to Comment
  • ArcelorMittal slashes profit target after Q3 loss [View news story]
    Steel has always been a cyclical business. The current price may look very cheap a couple of years down the road. China can't keep dumping steel below cost for that much longer and the anti dumping duties many countries are imposing will have an impact.

    Nov 8, 2015. 11:47 AM | Likes Like |Link to Comment
  • ArcelorMittal slashes profit target after Q3 loss [View news story]
    The report from the company.
    Nov 8, 2015. 11:43 AM | Likes Like |Link to Comment
  • Keystone killing adds to cloudy outlook for pipeline companies [View news story]
    Obama = hypocrite on Keystone!
    Nov 8, 2015. 07:41 AM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Valeant Confirms Appropriateness Of Accounting [View article]
    So - I have 2000 miles on a 98 GMC safari - That does not make it a reliable and viable vehicle. if you do not go far and like to spend lots of time fixing them, age is no object. Mine is used as the third vehicle.
    Oct 27, 2015. 11:22 AM | Likes Like |Link to Comment
  • Encana Is Set For A Comeback [View article]
    Best real estate and among lowest costs in the industry means they will see better days ahead,
    Oct 26, 2015. 09:51 AM | Likes Like |Link to Comment
  • Crude Oil Supplies Are Enormous [View article]
    Two points
    - How can you have wide spread cheating when OPEC has said that it would open up the taps and defend market share?? They are doing what they said they were going to do - for the first time in the history of OPEC you actually have no cheating! ;-)

    - What happens in the December meeting will be totally dependent on what Saudi Arabia and its allies want to do - the likes of Venezuela are totally irrelevant to the results as the Saudis simply do not care.

    The US shale producers are currently on the ropes and the Saudis will not be backing off now.
    Oct 26, 2015. 09:47 AM | 6 Likes Like |Link to Comment