Post by
tylerreddick on Apr 01, 2024 10:24am
Transmountain Pipeline filling
We are getting all kinds of reports that they are starting to fill the pipeline in preparation for putting it into immediate operation once completed. Just the amount of oil needed to fill the pipe will be a big demand increase, even better once it is flowing on a constant basis.
The fact that for the first time in a long time, export capacity for our oil products won't be an issue, and we won't be held hostage by the friggin americants, is the main reason I am holding this stock.
While I don't like their debt load, Watrous seems fine with it, and has promised to start paying shareholders with dividends. Of course, they are the biggest shareholders, so hopefully they don't intend to bleed the company dry for their benefit.