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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (54983)	2/20/2019 6:58:21 AM
From: Goose94	Read Replies (1) of 203376

Crude Oil: WCS Alberta Premier Rachel Notley filled out the details of her crude-by-rail strategy yesterday: A $3.7-billion investment to lease 4,400 rail cars, arrange the rail service and buy crude from producers – resulting in 120,000 barrels per day being shipped by the middle of next year. Her government estimates the plan will generate $5.9 billion in revenue over three years. As for where the crude will be shipped, that's yet to be determined. "We know that there is absolutely no risk to finding markets for this product," Notley told reporters when asked if she's saddling taxpayers with risk, adding her strategy also sends a positive signal to investors. We’ll stress test that. BNN.ca

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