Paramount Resources Ltd T.POU

RE:RE:RE:RE:Westbrick - Paramount

[Moemoney42]

"The only reason for not buying it that I can see is if trump carries out his threat on tariffs things could get cheaper and cash would ne noce to have on hand."

I think Trump will have to rethink his big tarriff threat on CDN crude.. we have options now that we never had before..! If he thinks we won't send that crude somewhere else to avoid tarriffs.. he'd better think again..!!  ;-)

"The expansion of Canada’s Trans Mountain pipeline represented a US$24 billion bid to help the country’s oil producers reduce their near-total reliance on the United States market. That’s a bet that may pay off sooner than expected if President-elect Donald Trump follows through on his tariff threats.
The Trans Mountain expansion added almost 600,000 barrels of daily shipping capacity when it started operation in May, allowing drillers to boost output and ushering in a period of stable and relatively higher prices for Canadian oil. Importantly, the conduit stretching from Edmonton to a Pacific port near Vancouver has also lived up to its promise of opening new markets for oilsands crude in Asia.

The marine terminal at the end of Trans Mountain could help ship as many as 630,000 barrels of oil a day — roughly 16 per cent of Canada’s total oil exports — directly to Asia or elsewhere, avoiding tariffs.

“They will be scrambling to find tankers,” Susan Bell, a Rystad Energy analyst, said in an interview. “They are going to try their hardest to fill that pipeline up.”
The government-owned corporation that runs the system has forecast the line won’t fill up before 2028, but tariffs would change the economics almost immediately, Bell said.
Refineries on the U.S. West Coast have also been buying more Canadian crude, about 173,000 barrels a day in November. Should all that oil go to tariff-free markets in Asia, Golden State plants operated by Chevron Corp., Marathon Petroleum Corp. and Valero Energy Corp. would need to look elsewhere for potentially costlier oil.
Since the expansion tripled the capacity to almost 900,000 barrels a day, as many as 220,000 barrels a day has been going to China each month, according to Vortexa tanker tracking data.
Canadian oil producers could also circumvent tariffs by exporting oil off the Gulf Coast, if the levies don’t apply to oil transiting the US for foreign markets, Bell said. Before the Trans Mountain expansion, most western Canadian oil that was shipped to other countries followed that route. Canadian crude is still sent from the Gulf to countries including India and Spain.