Seaway Pipeline: old news,
link here.
- looking to expand
- 850,000 bopd + 200,000 bopd = around 1 million bopd.
- wiki entry here;
- summary from SeekingAlpha contributor here, posted Feb 12, 2020:
- Seaway Crude Pipeline, the 50-50 joint venture owned by Enterprise Products Partners and Enbridge , has extended the binding open season currently underway to gauge shipper support for expanding system capacity.
- Seaway says it is also considering shipper
feedback on the open season terms and may adapt terms to allow for the
inclusion of additional crude types, among other modifications.
- the expansion could provide an incremental 200K
bbl/day or more of light crude capacity and debottleneck and optimize
the system, principally through pump upgrades.
- Seaway says as much as 100K bbl/day of initial
expansion capacity could be available beginning in H2 2020 and enter
full service in 2022.
Zacks forecast, February 7, 2020,
link here:
- expected to post quarterly earnings of $0.50 per share (doesn't say whether US or Canadian, but appears to be US)
- represents a year-over-year change of 2%
- revenues are expected to be $9.54 billio, up 8.9% from the year-ago quarter
Quarterly report,
link here, announced today:
- a 5.3% rise in adjusted quarter profit
- adjusted earnings of C$1.23 billion ($929.00 million) or 61 Canadian cents/share in 4Q19
- compared with C$1.17 billion, or 65 cents per share, a year earlier
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