RE:RE:CVE OPENING In USGC: Pemex CANCELS 436K B/d In EXPORTS ?CVE BOOKED TMX capacity:
125,000 bbls./d
CVE NOMINATED ENBRIDGE Canada Mainline pipeline ROUTE to TEXAS:
DEPENDS on NOMINATIONS during the MONTH of shipping
- both the TMX and ENB tolls are NOT a SIGNIFICANT FACTOR RIGHT NOW as WCS is being PRICED at USD 72+ per barrel
- MEG pays about USD 8.50 - 9.50 per pipeline barrel from Hardisty AB to Nederland TX assuming the CONTRACTED 100,000 bbls/d {TAKE or PAY} TRANSPORTATION using the Enbridge pipelines
- TMX tolls are going to be about USD 8+ per barrel for Cenovus Energy
- MASSIVE OPERATING MARGINS {@ USD 72+/bbl.} to COVER PIPELINE TRANSPORTATION going either the TMX or ENB routes
- NO, what is IMPORTANT NOW are the SALES CONTRACTS to the REFINERS as PRICES ARE VERY FAVORABLE
z173