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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: SofaSpud who wrote (4029)	11/4/1997 11:42:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 24933

David - Don / TransCanada Pipelines Good comments on pipeline company and maintaining theme of portfolio. As usual David, your comments are very well thought out and meaningful. I don't follow pipeline stocks. I do only in relation to effects they have on the producer. Which leads me to a question - open for anyone to reply. With the hugh expansion and capital investment planned by the pipeline companies over the next two to three years, I was wondering what the impact would be on earnings. Do pipelines get an immediate return on capital outlay or is it returned over period of time? I recently saw an article where one (oil & gas producer) CEO said he wasn't in the pipeline business, indicating to me that signed on parties are expected to invest funds & become owners to extent of the interest they desire to obtain - all related to the amount of gas they intended to transport. Last question, David you need to educate me - parrafin, can you explain what you mean.