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Published 12 days ago

MEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'

  • The Trans Mountain pipeline expansion completion will benefit Canadian oil prices for an extended period, according to MEG Energy Corp.
  • MEG's vice-president Erik Alson mentioned on a call that the expansion will reduce the gap between U.S. And Canadian oil prices for years.
  • The pipeline expansion offers Canada 590,000 additional barrels-per-day of capacity, leading to increased prices for Canadian heavy oil and a narrower WCS-WTI differential.
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CBC NewsCBC News

MEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'

The expansion gives Canadian oil shippers access to an additional 590,000 barrels-per-day of pipeline capacity and opens up new markets for oilsands product.

12 days ago·Canada
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Global NewsGlobal News

Trans Mountain pipeline expansion will boost Canadian oil prices ‘for years’: MEG Energy

Prices for Canadian heavy oil increased, and the WCS-WTI differential narrowed, in April in anticipation of the start-up of the pipeline expansion.

12 days ago·Toronto, Canada
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Financial PostFinancial Post

MEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'

CALGARY -- The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for "years" to come, an executive with oilsands producer MEG Energy Corp. said Tuesday.

12 days ago·Canada
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Flin Flon ReminderFlin Flon Reminder

MEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'

CALGARY — Intermediate oilsands producer MEG Energy Corp. expects the recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for years to come.

12 days ago·Flin Flon, Canada
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The Globe & MailThe Globe & Mail

Trans Mountain pipeline expansion will boost Canadian oil prices ‘for years’ to come, MEG Energy says

MEG’s vice-president of marketing said he expects the difference between the benchmark U.S. oil price and the price Canadian oil sands producers receive for their crude will remain narrow

12 days ago·Canada
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SooToday.comSooToday.com

MEG Energy says Trans Mountain expansion will boost Canadian oil prices 'for years'

CALGARY — The recently completed Trans Mountain pipeline expansion will boost Canadian oil prices for "years" to come, an executive with oilsands producer MEG Energy Corp. said Tuesday.

12 days ago·Sault Ste. Marie, United States
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