RE:RE:Good condensate article from Martin King today (RBN Energy)Agree on Keystone and C5 demand but it hasn't been hit yet. Storage in Hardisty was 1/3 full so lots of capacity to cushion the storm.
navajojoe wrote: The shutdown of Keystone won't be helping the demand for condensate if it doesn't get resarted soon, and that might be adding a bit to the selling today.
As far as the article you linked to, and the demand for condensate, it sounds like Enbridge may be rethinking their plan to reverse the Southern Lights pipeline that brings so much condensate into Alberta, competing with what we produce. A lot of investors in Western Canadian condensate producers were hoping that would make our condensate that much more valuable. But it might create too much of a shortage.
Back to waiting and hoping PIPE goes back to exceeding expectations. We may be dealing with the shock from the guidance change for a while yet.