Quote:
Originally Posted by 79ford
Transcanada is crying to the alberta government to buy contracted capacity on the line.... I am guessing they are having a rough time filling it. Funny how they tout free market but cry for handouts from the government while firing every worker that isnt bolted down.
They are trying to get 375 000 barrel commitment from the alberta government so the line is almost half empty if they were to build it.... and it is a direct ride to cushing which probably isnt a very appealing ride to throw your oil on if you own an oil company.
The credit is probably alittle tougher to get when all your shippers probably arent making money. They need how ever many billions to build the thing and put up with the delays so it ll be a tough sell to shove out bonds with a small coupon.
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You have no clue. really, you don't. The Alberta government has oil they have to move. No "handouts" involved. And TransCanada's credit is just fine. They have no problems raising money for projects. And the project has enough subscriptions to move ahead.
https://www.theglobeandmail.com/repo...ticle36977103/