Trans Mountain tolling dispute could stretch into mid-2025: Cenovus [Financial Post (Toronto, Ontario, Canada)]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: Financial Post
CALGARY — Cenovus Energy Inc. executives warn it could be well into next year before oil companies resolve their ongoing dispute with Trans Mountain Corp. over rising pipeline shipping fees. The Calgary-based oil company is one of the largest contracted shippers on the freshly completed Trans Mountain pipeline expansion, which marked its official commercial start-up date Wednesday. Article content Article content On a conference call to discuss its first-quarter earnings, Cenovus executives hailed the milestone, which has been long awaited by Canada's energy sector. The Trans Mountain expansion, which runs from Alberta to the B.C. coast, represents a near tripling of the pipeline's capacity from 300,000 barrels per day to 890,000 barrels per day and will open up global export markets for Canadian oil. “This is a really good day for Canada,” said Drew Zieglgansberger, Cenovus' chief commercial officer on Wednesday. “We're pretty excited on behalf of the industry and Canada
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