The likes of SU, PBA and CNQ, among others, stand to gain from better market access and improved pricing following the Trans Mountain oil pipeline expansion.
HOUSTON (Reuters) -Crude oil tanker Dubai Angel on Monday moored at the Westridge Marine Terminal in Vancouver, preparing to load the first cargo of crude oil from the recently expanded Trans Mountain pipeline (TMX), ship tracking data showed. Chartered by Canadian oil producer Suncor Energy, the Marshall Islands-flagged vessel was expected to load about 550,000 barrels of Access Western Blend (AWB) for delivery to China, ship tracking data on Kpler showed. Trans Mountain said it expects to load the first vessel with oil from the expanded pipeline later this month.
Suncor Energy (SU) expects capital expenditures in the band of C$6.3-C$6.5 billion and production in the range of 770,000-810,000 boe/d for full-year 2024.