RE:RE:RE:AltaGas is NOT a producerCapharnaum: I would mostly agree with Petrogas having more opportunity to propane/ butane Far EAST prices. I would expect that the BP and Philip’s refinery's propane / butane amounts would be hedged but all other sources (excluding ALTAGAS) would be exposed.
I have feeling that Petrogas has been increasing its’ export volume lately due to ALTAGAS re-routing propane to FERNDALE but also because of increased oil refinery activity . The thought that California and the west coast of the US is exiting COVID restrictions.
I have attached an article link that tells of BP Cherry Point receiving an oil tanker from Canada’s East Coast.. This is the refinery next door to Petrogas.
https://financialpost.com/commodities/energy/oil-gas/eastern-canadian-oil-heads-to-u-s-west-coast-in-unusual-demand-shift.
About 2-4% of the oil refineries output is LPG.
GLTA
RFguy.
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Capharnaum - (4/23/2021 4:21:41 PM) RE:RE:AltaGas is NOT a producer Johnwith30years wrote:So you are caliming that ALA's margins do not increase when prices rise on commodities???
On the utility/midstream side they wouldn't benefit. On the energy marketing side (Petrogas), they likely can profit from volatility.