Because there is no such thing as dilbit on that side of the world, clueless neoCONNED m0r0n boy. No wonder they scream at you ignorant goobers that all pipelines are the same?
Further, leaks in DilBit pipelines can be more difficult to detect because the natural gas condensate, the substance used to dilute raw bitumen, can change from a liquid to a gas, forming a gas bubble or "column separation" in the pipeline and slowing the flow of oil. This gas bubble presents many of the same signs as a pipeline leak, making it difficult to tell when a leak is actually happening. This is what is reported to have occurred in Enbridge's Kalamazoo River spill last summer. It took Enbridge 12 hours to notice that the "column separation" was actually a 20,000-barrel leak ($1.7 million of oil at today's price) and shut down the pipeline and another seven hours to notify emergency responders.
This was only the largest spill ever in the lower 48 states, Fox plans complete coverage starting 30 years from now. The EPA finally just gave up at $2 Billion spent, there was another one that erased Mayflower Arkansas. That's just since 2010 and TRP alone has experienced close to two dozen more.
The tar sands oil, which stayed in the water, presented an even bigger chemistry problem. Most forms of oil, including conventional crude, are less dense than water. That’s why oil makes such pretty colors when dropped into a rain puddle—it floats and plays tricks with the sunlight. Traditional oil spill cleanup technology relies heavily on this density relationship. Skimmers and vacuums remove it from the surface. Floating booms prevent surface-level oil from moving into environmentally sensitive areas.
..As the cleanup winds down, though, there is little cause for celebration. “The Kalamazoo River still isn’t clean,” says Swift. “The EPA reached a point where additional cleanup might do more harm than good. Much of the river is still contaminated.”
Obama pays for an illegal blocking of free market investment in the US under NAFTA..
You should be demanding that his government is charged for envirnomental terrorism, for currently and directly sponsoring the building of a Trans-Africa oil pipeline project.
If pipelines are so hazradous and unsafe for Americans, how are they safe and secure for Africans, Barry?
Hypocrisy, thy name is 'murica.
Some "investment." There was no contract implied or written with TRP and there are no damages either.
Obama played all you amoral, subsidized to the eyebrows since 1977 tar whores just like a fiddle.
If he had vetoed KochStone XL two years earlier then you dishonest scumb@gs might have trashed the Sand Hills by now. (All this "weapons of mass destruction" grade misrepresentation at every level just to bring a $125/barrel lift cost feedstock to market at $45. Take away Cheney's duty free refinery zone that Congress didn't even know about or the world's lowest extraction royalties in Alberta and none of us would have ever ever heard of KXL.)
10. “Up to a million high-paying new jobs!”
That’s what Fox Business host Eric Bolling claims that Obama, by refusing to approve the Keystone XL, is denying Americans during the depths of the recession (Nov. 2, 2011). When the State Department publishes its final, revised assessment of the project in 2014, it finds that the Keystone XL will create 1,950 construction jobs for two years, and 35 permanent ones.
What's more the southern part of KXL has been streaming 650,000 bpd since January 2014 and you really can't count on a judge being as butt-ignorant as all the Fox news Ret@rds out there who seriously thought that stuff was going to end up in their gas tanks for 85 cents a gallon either.
Which isn't as far fetched as it sounds because Canadian tar glop "sells" for as little as $9.50 in Cushing on and off since Thanksgiving. MEG's median sale price for the whole first quarter was $11.50.
Sorry but in a real lawsuit you have to prove damages. Besides the Canadians clearly never wanted to pipe the toxic sludge across their own country either.
TransCanada applied to the U.S. government to use thinner steel and pump at higher pressures than normal.
So take your tin foil Indian made pipe that's been rusting since 2011 now and stick it where the sun never shines. Lube it up with Benzene
The last play I got from ULTIMATESTOCKALERTS made me 46% in just a few days. They only alert nas and nyse so no OTC scams to worry about.
The amount that VW just agreed to pay Americans for playing games with the completely arbitrary, utterly pointless emission standards...games that the US government is completely enraged and indignant about.
It also happens to be the same amount that TransCanada is suing the US government for under NAFTA, for denying it the perfectly legal and worthwhile free market investment of Keystone...because Barry-the-Caretaker is an utter failure who needed some trophy from his worthless 8 years in office.
Poor Mr. Buffet. He bought millions of shares for a much higher price. That dummy. That con artist. I'll bet he regrets not speaking with you before paying tens of millions for such worthless shares. Oh well. He'll learn, won't he.
Maybe COST has something to do with it, profoundly ignorant neoCONNED rube? That toxic glop has "sold" for less than $10 a barrel in Cushing from Thanksgiving right up until three weeks ago!
By Joe Carroll Aug 15, 2014 12:21 PM MT
ConocoPhillips (COP) and Royal Dutch Shell Plc (RDSA) are among global oil companies needing crude prices as high as $150 a barrel to turn a profit from Canada’s oil sands, the costliest petroleum projects in the world, according to a study.
Besides you sure didn't seem to have much of a hard-on for the Saudis back when your idiot cokehead JOKE President paid them $143 a barrel for the very last crude oil to go into the Strategic Petroleum Reserve, did you?
Bush On Jobs: The Worst Track Record On Record
By WSJ Staff
President George W. Bush entered office in 2001 just as a recession was starting, and is preparing to leave in the middle of a long one. That’s almost 22 months of recession during his 96 months in office.
His job-creation record won’t look much better. The Bush administration created about three million jobs (net) over its eight years, a fraction of the 23 million jobs created under President Bill Clinton’s administration and only slightly better than President George H.W. Bush did in his four years in office.
(Nossir, no discount at all for those two free defense wars started under false pretenses while all you totally pathetic FoxCretins stood there and jerked yourselves off into your "Mission Accomplished" towellettes over and over again either!)
Dear geniuses of Washington, DC:
What is so appealing about this "system" you have of being so utterly victimized by the House of Saud? Is generations of self-imposed economic masochism such fun, or is it that you just don't even remember that you actually could stop ?
Is accessing all the oil you ever wanted from a neurologically stable, politically simpleton nation like Canada so uncomplicated that you just resent it? Or dis you decide to treat Canadian oilsands like the plague out of sheer career boredom?
Mayb e you're just all complete idiots in expensive suits....?
analysts are going to have to rethink and come up with a new set of numbers that reflect the recent events that will have an effect on the bottom line............all those buys may change along with their estimates where the share price will be in the next 12 months
maybe good long term but short and medium term could be a problem for share price.....dilution is dilution and the slow down in production due to fire does not bode well for share price ......just my opinion as i see it.... could be wrong and it wouldn,t be the first time........
Scalping is a very lucrative business for the investment bankers aka money mafia. In the case of the SU offering, the club is very exclusive indeed. Only the biggest boys get to buy in. Them good ole USA boys get the VIP treatment too. The losers, as always, are the common folk who get to fight over the scraps at the buffet table after the party's over and the glutons are sitting back at home drunk and bloated puffing away on a big cuban stogie..
@Suncor Energy Inc.’s $2.5-billion share issue has left some investment bankers in Calgary feeling jilted. Canada’s biggest energy company launched the bought deal this week to critical acclaim among investors, who expressed interest in buying at least twice as many shares as Suncor issued. Underwriters will earn more than $80-million in fees, based on the syndicate’s 3.25-per-cent cut. It’s the makeup of the syndicate that has some noses out of joint. Not surprisingly, the deal is led by the investment arms of major banks: Toronto-Dominion Bank, Canadian Imperial Bank of Commerce and J.P. Morgan Chase. However, the other 12 underwriters are all also lenders to Suncor, including foreign players with little presence here. Notably absent are Calgary-based boutique dealers and national independents, which are slowly gaining back business after a dismal 2015, when the oil-patch downturn squelched the deal flow and forced many to make deep cuts to their work forces. “The domestic and the U.S. banks make sense. But to the extent they shut out other local players to give small syndicate positions to foreign banks with no real presence here, who employ no people here, and where no one relies on their research, makes no sense to me,” one executive at an independent dealer said.
Yeah sure, market dynamics, otherwise known as flipping shares. Scalping is a great gig for those in the special queue.
It was reportedly two times oversubscribed.
(If you don't understand the market price dynamics/action these past two days, that's your problem..)
So people with real money at stake just ponied up bigtime for stock.... and got their requested allocation cut back.
I'd put more weight in those facts than in the costless opinion of any anonymous BSer on this board.
Monkey games at their finest hour.
2011-2014 Share buyback. Based on the share price during the big buyback, I'd guesstimate the average price paid was ~$35 for a total buyback value ~$3.5B
2016 Secondary offering of at ~$35 for proceeds of ~$2.5B
@From the Q3-2014 CC @As we promised in our last quarterly call, we aggressively executed on our share buyback program. During the last quarter we invested $522 million to purchase almost 12 million Suncor shares. Since commencing the buyback program just over three years ago, we have now repurchased and cancelled over 9 percent of our outstanding shares. At the current price levels we continue to be strong buyers of the stock.
@CALGARY—Suncor Energy says it plans to raise $2.5 billion in a share offering to pay for an increased stake in the Syncrude joint venture. The Calgary-based company said the money would help reduce its debt and go toward paying for the $937-million acquisition of Murphy Oil’s 5 per cent stake in the joint venture that Suncor announced in late April. It says it will sell 71.5 million shares at a price of $35 a share in the deal made through a syndicate of underwriters led by TD Securities Inc., CIBC Capital Markets and J.P. Morgan Securities Canada Inc.
Being on the losing end of a trade sucks, right? I found Lion Stock Alerts [Search Them] the other
day and they are pretty good. The alerts are quality, not junk and they are straight forward and
cut out the hype.