Biden Good For Canada

[jazz]

https://www.cbc.ca/amp/1.5877038 Joe Biden to sign executive order to cancel Keystone XL pipeline

Good thing I bought enbridge instead.

[Oliver88]

Beijing Biden.....good for China.

Check Hunters laptop for the facts.

[TASFarms]

How does Biden get in if there is an emergency order declared until Jan 24th?

[TASFarms]

How much money will end up in Biden’s bank account if he signs the US into the Paris climate scam?

[burnt]

How much money will end up in Biden’s bank account if he signs the US into the Paris climate scam?

It's a blank cheque - in trust.

[blackjack]

He’ll end up in a very nice nursing home....corporate America sponsored his campaign 8 billion they weren’t taking any chances.

[jazz]

Lets see if Trudeau will vigorously fight for our interests as he always says. This can be challenged under NAFTA with PMO consent.

If there was quebec milk going down that pipeline he would be fueling up the CF18s to attack DC.

[blackpowder]

Maybe it's time to stop shouting into the wind. If you can't beat em join em?
XL a gamble. We lost again.
We wasted our window of opportunity over a decade or more.
We either figure out how to sell unicorn farts or else we'll be buying them.
Our dinosaur farts aren't saleable.
For now..

[Sodbuster]

We would be much better off running the pipeline east and west, instead of only going south where they can discount our oil to what ever price they want to pay.

[bucket]

We would be much better off running the pipeline east and west, instead of only going south where they can discount our oil to what ever price they want to pay.

It ends at Quebec's western border because they dont want western Canadian oil....they will accept propane in times of need,,,,,. And any pipeline has trouble getting through the mountains....

[chuckChuck]

Did any of you notice the new Ford TV ad about about electrifying the fleet of cars and trucks? Every major automaker is building BEV and PHEV or planning on hydrogen. Several of them will be built right here in Canada.

What do you think the market for oil will look like in 2030 and 2050? Keystone XL promised to power its pipeline with renewable energy. How long the transition to net zero carbon energy sources will take is a question mark. But the transition will continue.

[blackpowder]

Yup, cant turn back the clock. China will decide now.

[mcfarms]

https://www.cbc.ca/amp/1.5877038 Joe Biden to sign executive order to cancel Keystone XL pipeline

Good thing I bought enbridge instead.

I own both and wil use this new to probably add to positions in both should my target prices be rereached, the Alberta govt largely removed Trp's risk to KXX project. NOW as an Alberta taxpayer I have different thoughts..

Rating: Outperform
KXL: It's not Biden's announcement that matters, it's what comes next
Biden rescinding the Keystone XL Presidential Permit should not come as a
surprise. Multiple news outlets have reported that President-elect Biden will
revoke the Presidential Permit for Keystone XL (KXL) on his first day in office. Given
comments stating Biden's opposition to KXL back in May 2020, we do not think this
action should come as a surprise to the market.
Could a renewable commitment save the project? TC Energy announced that it
will achieve net zero emissions for the project when it is placed into service in 2023,
while committing to fully power KXL by renewable energy no later than 2030. While
we would be surprised if this saves the project, if KXL does move forward, we would
see this as a slight positive for the share price.
What comes next is more important for the stock. If the Presidential Permit is
revoked, we believe the market will look to TC Energy for the path forward, which
we think will be important as it relates to share price performance. Specifically, we
outline our thoughts on various scenarios:
• TC Energy walks away (this is likely the best case scenario). We believe the
market will view TC Energy walking away from KXL as the best outcome for
the stock, particularly as we think the stock currently reflects little, if any, value
for KXL and investors can now focus on the "utility-like" story. Further, the
stock's value could benefit from potential recoveries from shippers as well as the
potential actions against the U.S. government, similar to the US$15 billion NAFTA
lawsuit when President Obama rejected KXL. While we remain unclear as to the
applicability of the investor-state dispute settlement transition provisions under
USMCA (which replaced NAFTA), we see this as a free option.
• TC Energy re-applies for the permits with costs substantially covered by thirdparties (slightly negative for the shares). At this point, we believe that investors
would rather TC Energy walk away from the project, but if the company is able
to secure third-party funding (e.g., Alberta government) to cover the costs of a
new application process, we believe that the company may pursue this route. We
see this scenario resulting in a modest overhang for the stock related to future
news flow.
• TC Energy re-applies with some, or all, of the costs being covered by
shareholders (negative scenario for the share price). If the company pursues
the project without third-party funding or with shareholders splitting the funding
(e.g., 50/50), we believe the market would view this negatively.

[jazz]

Its high time to bite the bullet and go to Churchill, if MB doesnt get in the way. Get it to another ocean and tanker it out into international waters. This obstructionism is getting ridiculous already. US need heavy crudes for their feedstocks and now Venezuala is offline and Mexico no longer exporting, where will the the US get it from?

Oil age is nowhere near at an end. By the time fossile fuel energy is used to build all those windmills and solar farms and open pit mines, the panels will all be worn out and oil will have to do it over and over again until someone gets a clue and builds some nuke plants.

I am bullish on oil big time. Own Suncor and Canadian natural. This shite is going to $150 a bbl.

[chuckChuck]

Jazz, your predictions about the future of Trump and Covid missed the mark. Perhaps forecasting the future is not your strength?