The transaction was completed through Trans Mountain Corporation, a subsidiary of the Canada Development Investment Corporation. The total purchase consideration was $4.5 billion in cash.Meanwhile, CBR, the technology faux environmentalists love -- carbon-spewing diesel locomotives -- LOL: Canadian CBR exports set record in June, surpassed 200,000 bopd. That nearly doubles last year.
Think about that. 200,000 bopd. Trivial. The Bakken produces that much oil in four hours every day. And that Canadian CBR? We're not talking four counties in North Dakota: we're talking practically the entire Canadian oil sector, much of which has been shut down due to pipelines being delayed or shut down completely.
My hunch: if there is no movement with regard to the Trans Mountain Pipeline and if the tea leaves suggest that the earliest -- assuming all goes well -- this pipeline expansion could proceed is in 2021, there will be a huge surge in Canadian CBR. And those trains will enter somewhere along the northern tier (Montana, North Dakota, Minnesota) and will chug through Minneapolis and onto Chicago.
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Another Fool
It's a fool's errand to predict the price of oil.
From oilprice:
If oil goes higher this winter, all things being equal, it will be on the "back" of "heavy oil."
See light / heavy oil at this wiki link.
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Making America Great Again
By the way, from the linked oilprice above:
“The fundamental picture is the strongest I've seen in quite some time," Kilduff said. "Everybody has got a job, everybody is driving to that job, and they're going to continue to drive to that job no matter what gasoline costs."Best indication that there are a gazillion jobs out there: Ford F-Series, vans combine for best sales since 2005, F-Series sales increase for 16th consecutive month.
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