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Strategies & Market Trends : Underexposed Technical Analysis
AQN 5.770-1.8%Dec 8 3:59 PM EST
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To: kimberley who wrote (528)9/17/2019 6:04:15 PM
From: Underexposed  Read Replies (2) of 914
 
It is different with respect to Oil from a Canadian perspective.

If we had better access to the Pacific Ocean... Oil would take off here. We would be able to get world price for our commodity. As it is selling our product to the USA has a 26% discount in the selling price.

This is what puzzles me about the USA imports.... they import oil from OPEC countries which has an IFFY security whereas Canada has one of the largest reserves in the oil sands in the world... totally secure but getting access to markets in the USA via pipeline is just as difficult in the USA as Canada

There is a feeling in Canada that the USA is quite happy to have Canadian oil land-locked... it is their future bank... same for other Canadian resources. They get a 26% discount off world price... one would expect that would be an incentive to increase purchases from Canada.

I wish we were not shipping diluted bitumen. we have limited refining capability in Canada. I wish we would do more refining in Canada and then shipping a value added product....It is also a safer product for pipelines... diluted bitumen requires higher pressure to move it along the pipeline.... it is no mystery to me as to why leaks are more frequent.

Without the access across Canada and access to the Pacific it is difficult to justify more refining capacity... we are 1/10 the population of the USA....without those additional pipelines there is no increased economies of scale. But you would think it would be easy to build pipelines across Canada... but it is not... there are physical construction problems in areas of Canada, environment issues, indigenous issues as you pass through reserves, and provincial issues as some provinces (Quebec) refuse to allow a pipeline on their provincial land.

But we are chipping away at the problems...{sigh}

UE
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