Does the rejection of TransCanada's Keystone II benefit ENB and it's itinerations, by keeping the ENB pipelines full of oil? How much incremental value does this decision impart to ENB? Since most pipelines only operate about 40 to 60% of the time, while product is built up to deliver, does this bring the operating through put up over 60% for the ENB oil lines? and for how long will that continue?
Thanks a lot for your kind response and indepth info.
Trust you and your family had a wonderful Thanksgiving.
My wife and I had a quiet holiday, but a very good one, here on the Olympic Peninnsula. We moved up here after retirement,
from N. California. Originally we are both from Ireland.
Regarding ENB, I have 1K shares and if it falls further I may add another 1K.
My big bet now is KOG. And I'm prepared to be a long-term investor there and watch her grow, hopefully!
Again RG thanks for all your info, and good luck to you.
good evening rgjh.
Was wondering your reaction to the latest news regarding Kog. Their large land acquisition and large borrowing. Personally, I think it is very bullish, but would appreciate your oppinion. I have 7k shares, buty may make another large buy soon,maybe tomorrow am. My one concern is Europe and the price of crude.
I,m also holding enb.
Ps if you are still around would appreciate an answer now
I thought another benefit of the keystone II was that it will come very close to the Bakken. It is easy for the E&P companies to hook in and get a lot more oil out cheaply.
In fact this is just as important as getting oil form the sands to the lower 48.
ENB's current stock price looks like it is reflecting significant long term growth that would be generated by the expected Keystone pipeline. With each new construction delay, those future expectations recede. There may be some increase usage of ENB's existing pipelines, but not enough to offset analyst's disappointment.