TSX:TECK.A - Post by User
Post by
VOKBLVRon Jun 18, 2019 5:58pm
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Post# 29837797
Trans Mountain Pipeline Expansion Approval
Trans Mountain Pipeline Expansion ApprovalThe pipeline has been approved but is not built yet, but when it is completed Teck will be able to get their oil from Fort Hills to somewhere other than the US at a reasonable transportation cost..
This should reduce the penalty that oil sands oil pays when selling tothe US as they will have t compete with Asian buyers to buy our oil. This development bodes will for Teck.