Rail strike?How much oil does CVE move by rail?
Is there enough extra pipeline capacity to handle the lost rail capacity in case of a strike?
If not will that raise or lower WCS pricing especially with API data showing a surprise build?
Does the US have any say over the CPKC line that enters the US and Mexico?
Could it be short term bullish for CVE?
The only way I can see how it would be is if oil inventories dropped, WTI/WCS pricing went up.
Not sure how you move the finished products out of refineries...of course that would only mostly affect Canadian refineries but some of the US refinery product moves back into Canada...by rail?
Always exciting and interesting in this sector.
Let's hope they can stave off a strike and if not that it doesn't persist,
GLTA