Canada pipeline squeeze set to return despite Trans Mountain start-up [Yahoo! Finance Canada]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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Source: Yahoo! Finance Canada
FILE PHOTO: The last section of pipeline is assembled on the Trans Mountain pipeline expansion project near Laidlaw By Nia Williams (Reuters) - As Canada's oil industry celebrates the start of the Trans Mountain pipeline expansion (TMX), some company executives and analysts are already warning that long-term production growth plans will depend on new takeaway capacity becoming available. TMX, which started commercial operations last week after years of delays, will ship an extra 590,0000 barrels per day (bpd) of oil from Alberta to the Pacific Coast. Committed shippers have reserved space on 80% of the pipeline, leaving 20% available to spot shipments. The expansion provides Canada, the world's fourth-largest oil producer, with ample pipeline space for the first time in over a decade and has helped lift benchmark heavy oil prices. ADVERTISEMENT Canada produced 4.9 million bpd of oil in 2023, of which a record 4.5 million bpd came from Alberta. Thanks to TMX the industry n
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CNQ
Sec Filings
- 5/6/24 - Form 6-K
- 5/3/24 - Form 6-K
- 5/2/24 - Form 6-K
- CNQ's page on the SEC website