MEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'

Trans Mountain News

MEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'
Oil PricesMEG Energy Corp.Canadian Oil
  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 56 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 63%

CALGARY — Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for...

CALGARY — Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come.

He said he expects the difference between the benchmark U.S. oil price and the price Canadian oilsands producers receive for their crude will remain narrow for years, thanks to the additional export capacity offered by the Trans Mountain pipeline expansion. MEG is one of the main beneficiaries of the Trans Mountain expansion, with 20,000 barrels per day of contracted capacity on the pipeline.How is a grocery chain whose profit margin is a little over 3% supposed to cut its prices by 15%? -- Russia’s oil and gas industry has been crucial for bankrolling the invasion of Ukraine, giving the Kremlin the funds to keep fighting even as the conflict drags on through its third year.

CBC chief political correspondent Rosemary Barton speaks with Toronto's medical officer of health, Dr. Eileen de Villa, about the city's application to decriminalize drugs for personal use, which the Ontario government has refused to support.My wife is 76, born in 1948. She retired at full retirement age and currently collects $1,076 per month. I will be retiring and start collecting at 70 this year .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

YahooFinanceCA /  🏆 47. in CA

Oil Prices MEG Energy Corp. Canadian Oil Pipeline Capacity The Canadian Press

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canada Energy Regulator approves final permits for Trans Mountain expansion projectCanada Energy Regulator approves final permits for Trans Mountain expansion project'The pipeline is now authorized to carry crude oil from Trans Mountain’s Edmonton Terminal, located in Strathcona County, AB, to its Westridge Marine...
Read more »

Precision Drilling sees boost in demand as Trans Mountain start nearsPrecision Drilling sees boost in demand as Trans Mountain start nearsThe completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services according to Precision Drilling.
Read more »

Precision Drilling seeing boost in demand as Trans Mountain start nearsPrecision Drilling seeing boost in demand as Trans Mountain start nearsCALGARY — The completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services, said Precision Drilling chief executive Kevin Neveu.
Read more »

Precision Drilling seeing boost in demand as Trans Mountain start nearsPrecision Drilling seeing boost in demand as Trans Mountain start nearsPrecision Drilling says decline in U.S. activity helped lead its first-quarter profit to come in at $36.5-million, down from $95.8-million a year ago
Read more »

Precision Drilling seeing boost in demand as Trans Mountain start nearsPrecision Drilling seeing boost in demand as Trans Mountain start nearsThe completion of the Trans Mountain pipeline expansion is leading to a boom in demand for drilling services, said Precision Drilling chief executive Kevin Neveu.
Read more »

MEG Energy: Discount on Canadian oil to shrink for 'years to come'MEG Energy: Discount on Canadian oil to shrink for 'years to come'RBC analyst Greg Pardy has hailed the nearly 600,000 barrel per day Trans Mountain expansion as a 'game changer.'
Read more »



Render Time: 2025-02-22 01:53:57