TSX:VSN.DB.B - Post by User
Post by
hawk35on Mar 02, 2017 6:25pm
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Post# 25923227
Veresen investing another 1 billion or more in Midstream
Veresen investing another 1 billion or more in Midstream Below are comments the CEO made during the conference call. Very strong growth coming from Midstream.
"This significant opportunity that we see over the next several years at Veresen Midstream is the potential to sanction additional capital to support development by CRP, Encana, and third parties. For producers in the area to realize their growth targets over the next few years, there is a requirement for significant investment in additional pipelines, liquid handling, and gas processing.
For Veresen Midstream, we think this translates into the sanction of an average of CAD200 million to CAD400 million a year in new projects. And over several years, it could mean around CAD1 billion or more of additional investment."