Back InI took a small position in MCR today.
looking at the risk/reward factor I see potential for a max 30% SP decline and the potential for the stock to triple or more if both pipelines go through.
Trudeau has chosen his side on this debate long ago and if he were to go back on the pipeline prior to the election I see him facing plenty of downside risk amongst middle of the road voters and limited upside amongst the SJW crowd.
I’m not expecting to see shovels in the ground before the next election but I do expect a lot of positive momentum for Trans Mountain in the lead up.