% | $
Quotes you view appear here for quick access.

Suncor Energy Inc. Message Board

  • encana101 encana101 Jun 18, 2014 10:24 AM Flag

    Northern Gateway pipeline approved

    Feds in Canada gave the go ahead. Pipeline capacity of 500 bpd. Good news for Suncor. If Iraq unrest continues $50 is in sight. Would not be selling now.

    Sentiment: Buy

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Some facts about the Northern Gateway project, which the federal government conditionally approved on Tuesday:

      Cost: Estimated to be $7 billion, but that figure has been increasing.

      Route: Twin pipelines would run 1,177 kilometres from Bruderheim, just outside Edmonton, to a tanker port in Kitimat, on the northern coast of B.C.

      Oil: A westbound pipeline would carry up to 525,000 barrels a day of synbit, a blend of refined synthetic oil and bitumen, two types of dilbit and synthetic oil to Kitimat for export.

      Condensate: A second pipeline heading east would carry 193,000 barrels per day of natural gas condensate, which is used to dilute the molasses-like bitumen to allow it to flow through pipelines.

      Terminal: The Kitimat Marine Terminal would include two ship berths and 19 tanks to store oil and condensate. It would have the capacity to serve about 220 tankers per ye
      Consortium: Northern Gateway Pipelines is a limited partnership. Calgary-based Enbridge (TSX:ENB) has a 50 per cent stake. The rest belongs to 10 private investors.

      Partners: Four of those investors remain confidential. National Energy Board documents reveal the other six are: French oil company Total; Suncor (TSX:SU); MEG Energy; Cenovus (TSX:CVE); Nexen (TSX:NXY), the Calgary company taken over last year by Chinese state-owned China National Offshore Oil Co.; and Sinopec, China's largest oil company

    • That circus is just beginning, and it will be maddening.
      Rail rules.

27.26-0.66(-2.36%)Jun 29 4:06 PMEDT