Canadian crude by rail activity is on the upswing again, according to new data from the National Energy Board.
The NEB reports that rail offtake from the Western Canada Sedimentary Basin averaged 236,252 bbls/d in April 2019.
“This is a 40 percent increase over March 2019 exports but still down from the record high of 353,789 b/d in December 2018,” the NEB tweeted on Friday.
Morneau may not have been fleeced, but certainly paid at the high end of the valuation scale, apparently assuming that everything would proceed smoothly
January 31, 2019
The sticker price Kinder Morgan put on the Trans Mountain pipeline when it entered negotiations with the federal government last year was $6.5 billion. Hence, finance minister Bill Morneau and his team thought they’d scored a bargain when they sealed the deal at $4.4 billion.
But it looks increasingly like he may bought a cat in a sack.
Dec 26, 2018 - We are being inundated with discount frenzy and it’s not just annoying, it could be life-threatening.
I’m not talking about the onslaught of huckster ads encouraging us to buy, buy, buy on Black Friday, or even today, Boxing Day. No, the truly crazy-making discount frenzy is the barrage of half-truths, misinformation and outright lies blaming Alberta’s woes on the so-called discount on Canadian oil. That’s some serious snake oil (aka propaganda) that is sabotaging our chance to keep the world habitable for our children.
OTTAWA/VANCOUVER — Canada’s federal government is considering a proposal from its main oil producing province of Alberta to share the cost of buying rail cars to move oil stuck in the region because of a lack of pipeline capacity, said two sources with direct knowledge of the matter.
Nov 8, 2018 - This report analyzes the economics of the five largest bitumen-extractive corporations in Canada. The “Big Five” are Suncor Energy, Canadian Natural Resources Limited (CNRL), Cenovus Energy, Imperial Oil, and Husky Energy. We examine the key features of the five firms and analyze their accumulation dynamics in the context of the latest commodity cycle: boom (2004–2014), bust (2014–2016), and restructuring and consolidation (2015 onward).
Alberta Premier Rachel Notley is proposing Ottawa get into the crude-by-rail business — at least temporarily — so that producers in her province can get a better price for their oil.
“We are in the midst of putting together a specific business case that we'll be taking to the federal government late this week, early next week, where we lay out the specific costs,'' Notley said Monday following a meeting with energy industry leaders in Calgary.
One week ago, the price American refineries will pay for a barrel of Alberta bitumen fell to just below US$30. A seismic jolt raced through the tar sands/oil sands industry, because that price would barely allow even the biggest, most profitable operators to recover operating costs.
