Delta Airlines Buying East Coast Refinery Changes Everything -- TransCanada Looking East

Huge story.

TransCanada Corp. is advancing pipeline plans to move growing volumes of crude from Alberta to the U.S. Gulf Coast just as it considers linking western Canadian production to new markets in Eastern Canada.

That could mean switching one or more pipes on the five-pipe, roughly 14,000-kilometre mainline that stretches from Alberta to Quebec over to oil — either 30- or 40-inch pipes — to deliver between 300,000 barrels per day and 800,000 barrels per day, Girling said.

“We have a lot of work to do, technically, we have a lot of work to do with our shippers, but at that 30,000-foot level, it seems to make sense to people,” Girling said. “We’re going to actively pursue it and see if we can understand it and turn it into an opportunity for both the oil and gas industry and TransCanada.”

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More comments on this story if I get time later.