Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (67843)	9/19/2019 8:07:10 AM
From: Goose94	Read Replies (1) \| Respond to of 203853

Canadian National Railway (CNR-T) crude by rail Alberta Premier Jason Kenney says he is hopeful of more progress this month on talks with producers about easing oil curtailments, as long as the extra output is shipped by rail. Alberta introduced mandatory production curtailments, effective Jan. 1 this year to ease congestion on export pipelines and support crude prices. Last month, Mr. Kenney's government extended those curtailments into 2020 because of slow progress in building new pipelines. Major producers including Suncor Energy (SU-T) and Canadian Natural Resources (CNQ-T) have suggested the government allow them to boost output above curtailment limits, on the condition incremental production is exported by rail. "We are working on that and hope to have some more progress by later this month," Mr. Kenney told reporters on a conference call from New York, where he has been promoting Alberta's oil industry. The government is also trying to off-load onto the private sector nearly $4-billion of crude-by-rail contracts which were signed by the previous government, amounting to 120,000 barrels a day of crude. Mr. Kenney is aiming to increase crude-by-rail shipments to 550,000 barrels a day.