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Enbridge Inc T.ENB

Alternate Symbol(s):  T.ENB.P.V | EBRGF | T.ENB.P.F | T.ENB.P.Y | T.ENB.P.G | EBBGF | ENBFF | EBGEF | EBRZF | T.ENB.P.H | EBBNF | ENBGF | ENNPF | T.ENB.P.I | ENBHF | T.ENB.P.J | ENB | T.ENB.P.K | ENBMF | T.ENB.P.A | T.ENB.P.N | ENBNF | T.ENB.P.B | T.ENB.P.P | ENBOF | T.ENB.P.C | T.ENB.P.T | T.ENB.P.D | T.ENB.P.U | ENBRF | T.ENB.P.E

Enbridge Inc. is an energy transportation and distribution company. The Company operates through five business segments: Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation, and Energy Services. Liquids Pipelines consists of pipelines and terminals in Canada and the United States that transport and export various grades of crude oil and other liquid hydrocarbons. Gas Transmission and Midstream consists of its investments in natural gas pipelines and gathering and processing facilities in Canada and the United States. Gas Distribution and Storage consists of its natural gas utility operations. Renewable Power Generation consists of investments in wind and solar assets, geothermal, waste heat recovery, and transmission assets. Energy Services provides physical commodity marketing, logistics services, and energy marketing services. The Company owns Aitken Creek Gas Storage facility and Aitken Creek North Gas Storage facility.


TSX:ENB - Post by User

Bullboard Posts
Comment by gasoholicon Sep 01, 2012 12:51pm
277 Views
Post# 20291560

RE: RE: Kitimat Oil Refinery-Possible Solution for

RE: RE: Kitimat Oil Refinery-Possible Solution for

Enbridge will not back a refinery in Kitimat . A refinery would be another 5 years of wringling for permits and would meet as much resistance . the priveleged anti-development people are well supported at present and do not want jobs , although huge sums of money might satisfy them .

Refineries are shutting down in N.America , not being built . The last refinery built in N.America to feed markets remote from them was in Newfoundland . Before being profitable the capital used to build it was destroyed in multiple rounds of bankruptcy .

The last petrochemcial developement in BC was the methanol plant in Kitimat . Its projected cost ( in 1981 ) was 100 million but ended up costing 300 million . Ocelot , the company that built it was destroyed , and lost ownership after multiple ownership changes and bankruptcies . The plant became profitable for brief periods of time but  eventually shut down . It has now been dismantled and is being rebuilt in China . So its a refinery remote from markets , and a large petrochemical development in BC , I'd say it has double the chance of dissappearing whatever capital was put into it .

Nobody in industry is going to build a refinery in this location . Its a pipe dream of a newspaper guy . I don't know what his angle is ?  Apparently he is very shrewd in his profession and must know the same things I know , or get someone to do some research for him .

 

regards

G

Bullboard Posts