Veresen Inc. T.VSN.DB.B

Ferc denies LNG pipeline

[Beckysboss]

Not sure how much this matters given no one was really expecting the LNG plant to be built anytime soon but FERC did come out with a ruling after hours suggesting they saw no public benefit to building the pipeline that would supply the plant.  No pipe, no plant.  I imagine Veresen will comment on Monday on what they plan to do.  Wonder if once again it is because it is a Canadian company involved in building a pipeline in the U.S.?   This could well reduce some of that planned expenditure for 2016 but maybe they will appeal. 

* FERC says it denies Veresen Inc's request for certificate authority to construct and operate Pacific Connector Gas Pipeline
    * FERC says its findings does not support that "public benefits of the Pacific Connector Pipeline outweigh the adverse effects on landowners"
   
    * FERC says " without a pipeline connecting it to a source of gas to be liquefied and exported, the proposed Jordan Cove LNG Terminal can provide no benefit to the public"
   
(Source link: https://1.usa.gov/1Xj8Q7V)

[righand2]

It matters a lot. Maybe people didn't expect the LNG plant to get built anytime soon, but it did represent additional potential growth down the road. And when the Alliance pipeline is no longer required, as the northeast US begins to displace all of that gas, look out below.

[Beckysboss]

You are clueless,  the Alliance Pipeline was just recontracted the end of 2015 for 5 yrs , completly full.   Encana and Mitsubushi are participating in the gas plants now  being built in the Montney which  will use Alliance to get to the mid west at Chicago The northeast has no bearing on this.  Get a life , if you want to own IPL or PPL then post there,  why

[pjn0987654321]

Beckysboss, If you are replying to righand2, I suggest you put him on ignore.  He adds nothing of value and amounts to a waste of time.  You, on the other hand, make excellent posts.    

[Beckysboss]

 I've done that,  no need to engage in conversation with him,  no value to his posts.

[hawk35]

Hi Beckysboss.  The guy is likely retired with too much time on his hands.  I appreciate both positive and negative posts but I don't have time for guys who add no value.  I have to work for a living so looking at those kind of posts is just a waste of my time.  The ignore button is designed for guys like him. 

[pjn0987654321]

TD only saw a 25% of it going through.  Maybe it's a good thing.  They've already got other projects like the Saturn expansion.  Anyway, explains why the share price couldn't hold onto its gains the past few days despite the good quarterly report and oil and gas going up.  Obviously American inside trading going on based on leaks from the FERC. 

[Beckysboss]

 Think your probably right on that.  Always somebody knows.  Might save them some money if they decide to quit the develpment. By the way Righands math skills have gotten it wrong again,  PPL was up .2% today,  not 2% as he claims,  not that it matters unless your investment horizon is one day.

[righand2]

Hmmm....another lie. PPL was up 88 cents to $34.43, for a 2.6% gain.

[retired234]

It could be some good ole boy  politics involved also.  Yanks never like Canadian companies operating in US....................they only like it going one way..............when it is their favour.  Lack of outgoing contracts more likely the issue.. Doesn't bode well for LNG in BC??