RE:Short Volume For December 1st - Dec 15thFort Hills to blame as last of pre crisis Mega projects to be endorsed; next one to add volumes materially not for a couple more years so we have a little time to get a pipeline up and running but window of time is now and closing as days pass; something we have learnt the hard way unfortunately.
BNE’s mission statement and raison d’etre has been dividends and share price hasn’t moved in tandem with it so question arises now what they will prioritize over next year ahead. Notley and muppets may have saved the day in short term but medium term is still and uncertainty as remains to be foretold whether cuts will have worked and if Enbridge Line 3 comes up as intended in H2 2019.
Share buyback and debt reduction is likely scenario imagine in Jan capex plan but let’s see what they prioritize and if go with other combo permutation or wait and see approach. Interesting times ahead indeed.