RE:RE:RE:Pipeline SaleFailed deal comprised of 3+ back to back elements not to mention relatives of c-suite and opaque holding co interest. Such a small deal lime this taking so long is deeply troubled or bogged down in corrupt corpnpolitics everyone scrambling for pennies to buy new play boats for 2021 season. This is a typical Soviet era deal and no surprise as Canada now a welfare state with second highest federal debtload in the world at 350% of GDP. Meanwhile Russia will triple LNG exports by 2025, and Iraq will go online with massive exports. How will Canada compete now that feds can't afford to subsidize everyone and everything?
fauxtomato wrote: May comment on the timing of the sale on the call today.
I should have pointed out that ATCO's $200M figure is only for the portion of the pipe they would own: some would be owned by NGTL, and some assets currently in the JV are being sold to TransAlta. What an insane transaction.