RE:RE:What Caused the WCS Mess? Really the stock market is detached from the underlying value of the asset. The very best asset in the industry trading at a dismal price. I think that with the hedges and all the gas transportation, they will be fine from a cash flow perspective, and a lot of the big capex appears to be behind them, gas plant, water wells etc.
Keystone was prepared for the enviroment request from the Judge and it was expected and they have a prepared enviromental submission ready. Construction on the Canadian side will start in January regardless they believe they will get approval, so we are at the bottom of the cycle here.
Just to bad i am all in, or else i would buy more. I am disappointed how long it has taken for condensate to stop flowing up from the united states.
IMHO