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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (52241)	11/29/2018 6:30:22 AM
From: Goose94	Read Replies (1) of 203358

Canadian National Railway (CNR-T) Alberta is planning to buy rail cars by early in the new year to move an additional 120,000 barrels of oil a day out of the province. Premier Rachel Notley is under pressure to find alternatives to ship Alberta's oil amid a lack of capacity on pipelines. In addition to adding more rail-car volume, she is considering providing incentives -- including granting breaks on future royalty payments -- to companies that agree to cut back production now. She is even looking at mandatory cuts across the industry. In a speech in Ottawa on Wednesday, Ms. Notley urged the federal government to support her government's move to purchase crude cars and locomotives, but said the province will act on its own if necessary and is close to concluding such a deal. The proposed oil trains would be on top of the current 350,000 barrels a day of existing crude-by-rail capacity. The Premier said: "There is value to this investment and not only from the most immediate perspective but also as a hedge against further pipeline delays. The federal government should be at the table on this. There's no excuse for their absence."

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