Q: With the Coastal Gas Link pipeline getting close to completion. Which energy companies would be prime beneficiaries?
On a related energy question, when is the Trans Mountain pipeline expected to be completed and are there any energy companies who stand to benefit the most? Will this pipeline help close the gap in price with WTI?
On a related energy question, when is the Trans Mountain pipeline expected to be completed and are there any energy companies who stand to benefit the most? Will this pipeline help close the gap in price with WTI?
5i Research Answer:
Commodity prices are still 'aggregate' into pipelines, but overall prices (and spreads) could improve as these pipelines come onstream. PEY, BIR and WCP could benefit from Coastal. TransMountain is expected to be operational in Q1 2024. It could benefit CPG and TVE, amongst some others.