Trans Mountain pipeline expansion project ushers in new era for oil sands hub Fort McMurray [Globe and Mail, The (Toronto, Canada)]
Cenovus Energy Inc (CVE)
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Source: Globe and Mail, The
‘What supports them, supports us' – a community tied to one industry Fort McMurray, population 68,000, is situated in northern Alberta in the heart of the Athabasca oil sands, the world's third-largest proven crude oil reserve. The oil industry permeates every aspect of life here. Every morning, oil workers clad in blue-and-yellow coveralls line up at the local Tim Hortons for double-doubles, and diesel trucks and big rigs churn up dust on their way out to industrial work sites. The airport gift shop sells “Canada's Oilsands” sweatshirts and local rec centres and educational facilities are emblazoned with the names of their oil company sponsors. With so many livelihoods dependent on oil, all eyes here are on the expected opening this week of the Trans Mountain pipeline expansion, a years-in-the-making megaproject which will soon start shipping Canadian crude to export markets. “It's hard to quantify the value of the … pipeline to a region like ours,” said Dennis Vroom, senior s
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CVE
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- 5/1/24 - Beat
CVE
Sec Filings
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- 3/27/24 - Form 6-K
- CVE's page on the SEC website