RE:RE:RE:RE:ENB may face tougher fight for oil barrels, lower ratesC Kwong - While your points are valid, the share price unfortunately disagrees with your synopsis.......
Ckwong wrote:"Actually, business is as usual after the rejection because that is the mode of operation if I understand it correctly from the documents submitted. ENB wants to change from on-demand to long term contracts.
A few things I would need to dig in:
1. What is the rate structure ENB requested for approval?
2. Why TRP and others can have long term contract while ENB's Mainline cannot?
3. With customers (using 75% of the capacity) support the long term contract, Why it is not enought?
4. CER claims that "would have hurt customers without the ability to strike long-term contracts".. How and what is hurt?
5. Since there is spare capacity, if ENB demands non-long term contract producer to pay unjusted price, they can go to TRP or others. What prevents that?"