Thanks for the link. My thoughts are the same. The effect is zero to EPD. Canada needs a place to sell its NG products in particular and they can do it cheaper to China than we can from BC. As to their heavy oil - ditto. It is cheaper to ship from a Pacific port rather than having to go through the Panama Canal. Shorter pipeline run too.
EPD and the others will have all the oil (mostly NG for EPD) in TX they can use from both Alberta and the various US energy plays. NGLs from PA and lots more closer to home for them. Remember we are currently exporting propane from PA and a LNG terminal is likely in MD. Would think about 5 or 6 LNG terminals before we are done in the US and 2 in Canada.
As to oil - it is illegal to export oil from the US. Canada can get more $$ from Japan and China. I would guess they can handle the heavy oil Canada will export where our refineries are mostly set up for lighter blends. Understand they will need dilutents (NGLs), but Canada has lots of those too.
Arb, thanks for your thoughts. I've got EPD shares now at an average cost around $51. I'm thinking of picking up more and averaging down. May build at around $49.50 and see where it goes. Relying on div. to mitigate risk. I like what I see of the company and feel energy is a good area. It just seems like a loose cannon is running the country now so hard to figure out impact on the energy sector. Appreciate your opinion.