International vs Domestic Pipeline Companies?With four large international projects progressing, Govt-TMX PL, ENB-Line 3 PL, TRP-KXL PL, and RDS-Canada LNG plant, offtake is going to increase in oil, gas, and liquids, but at very high CapEx cost for those companies.
Conversely, the more domestic oriented pipeline companies like IPL, PBA, & KEY have spare capacity (especially IPL) and will get increased shipping revenue at minimal extra cost.
Why not invest more in domestic PL's, what am I missing here?
PS: Taking the argument to end point, why not invest in producers with closed in production?
LONG: ALA > ENB > KEY, no producers.