RE:Ferndale - BW Tucana - comingThanks GunnerG. This might be confirmation of the thesis that Ferndale is a jewel in the rough unappreciated by all. The logistics of Ferndale are better and costs are cheaper to ship from Ferndale than RIPET. Ferndale has larger storage(750k vs 600k) and rail costs are less in the States. The wharf is owned by Altagas! How does one account for a growing propane exports out of Ferndale at a lower cost? How does this affect ebitda?
Maybe Randy was right? Accretive and at least 30M in savings.
GLTA
RFguy
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GunnerG - (4/15/2021 10:10:23 AM) Ferndale - BW Tucana - coming BW Tucana 84,000 m3 or 529,200 barrels has an ETA of April 28th.
If going to the Alco Intalco wharf it will be interesting to see the turn around given Captain Markos is due to arrive on April 25.
Ferndale appears to be exporting at a good clip; taking advantage of higher prices.
Time will tell.