GREY:CLLZF - Post by User
Post by
prairie08sheikon Jan 24, 2011 7:05pm
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Post# 18019821
Northern Gateway Pipeline again in news
Northern Gateway Pipeline again in newsEnbridge is in the news again with their 500,000 bd pipeline from oil sands to Pacific Port, gateway to Asia. Hopefully for federal approval in 2012 and in operation 2016. Instead of only one way for the oil to flow, south to US, this will open up new markets and more competitive pricing in world markets. Someone might be forgetting about NAFTA where the price of natural gas in Canada cannot be more than in US and some more items attached to it. Now with oil, don't know.
However, for lot of projects in the works with targets in production in 2015 and on, could be interesting for their stock and consolidation of some small companies with long term future production.