RE:June investors presentation posted at ALAThanks for posting this, Windyhill. Some things I noticed in the presentation:
1. Pg. 7: Other than with respect to RIPET, the progress meter on their "near-term" items isn't too far along on each. I also note that the RIPET one isn't at "100%", so perhaps the first loads took longer because they had to do some testing? I suppose it could also be that technically the item says "First cargo out of RIPET early Q2 2019", but it looks like they already had a couple of runs, so perhaps they didn't expect to be at "full speed" until Q2?
2. Pg. 7: There is a "New incentive performance program with new value drivers". I hope it's better than the old one.
3. Pg. 24: It says that RIPET has "Potential to ~double in size with minimal capital".
4. Pg. 25: The presentation shows around US$17.60 for "Transportation and Terminalling charges", which "include: pipeline transportation fees; rail transportation and loading fees; RIPET operating and capital charges; and ocean freight and port fees." It doesn't list a further breakdown, but of the $US17.60, do you think it is reasonable to assume RIPET gets 1/3rd of this for the "RIPET operating and capital charges"?