RE:RE:RE:RE:RE:RE:RE:RE:December st13It seems the management and most analysts are pretty confident but the market doesn't buy it.
According to PGR 2018,2019 financial reports, diesel accounted for 50% total revenue.
In 19Q3 conference call, Joel mentioned that condendsate from pipestone can be trucked or railed to PGR at silimiar cost as pipeline.
With $50 crack spread and 500 barrels throughput increase, EBIDTA from PGR is around $100M per year. Once Burnaby refinery starts 2 months maintenance, LNG, site C, and TMP projects gain speed, crack spread could be higher.