Q: Hi Peter and Team,
This is a political/economics question. What are the chances of the new pipeline being built? As I understand, no company has expressed real interest yet. I also read that Enbridge has excess capacity, and that they're willing to utilize it.
In any event, is there anyone who, in the short term, will benefit from this uncertainty?
Thanks as always for your insight.
This is a political/economics question. What are the chances of the new pipeline being built? As I understand, no company has expressed real interest yet. I also read that Enbridge has excess capacity, and that they're willing to utilize it.
In any event, is there anyone who, in the short term, will benefit from this uncertainty?
Thanks as always for your insight.
5i Research Answer:
Details remain light here. Companies such as MATR, ARE, STN, BDT, WSP could potentially benefit. ENB could utilize some of its excess. With anything political, there is always a good chance that nothing happens. Or, delays are so long that it means less to companies concerned in terms of current value. We would give odds in the 75% ranfe on this one.