RE:RE:RE:RE:RE:RE:RE:RE:Pipeline Salefauxtomato wrote:
At the time the project seemed odd to me: they were deliberately circumventing the existing sales gas network, ,and now they're trying to tie it into them? I understand not wanting to include the inflated to book value purchase price to the rate base, and I thought the comments of ATCO objecting to exactly the same thing in a different decision was illuminating. This seems to be a case of 'publicize the risk, privatize the profits' so it's not a great look. Glad TA owns half of Pioneer, and in reality the next few years are the heart of Pioneer's earning potential as TA's gas needs rise and low cost capacity increases are executed. You know none of this will come up on the call, though, and instead it'll be some vague biofuel expansion at PGR paid for by someone else.
I think you might be a psychic.
Thanks for your thoughts, as usual.