Shipment of Butane to Asia through Altagas is more profitable than selling Butane in the Alberta market
Thx u!
Do you have an opinion or valuation of Cardinal Energy? With new pipeline, Alberta heavy oil should do well? Or has CJ.TO run its course?
Cardinal is fine - fairly valued today but building a lot of future value with its SAGD project. Long term should work out well.
Interesting, here is info on Gordondale plant
https://www.altagas.ca/infrastructure/operations/gordondale-gas-plant
Seems to go by train? to the Altagas plant, but Pembina might be involved..
See page 6
http://www.altagas.ca/sites/default/files/2024-05/ALA-VPK_REEF%20FID%20-%20Presentation.pdf
I think the rail is for bulk liquids and the feed gas comes in through Pembina.
Thx u!
Do you have an opinion or valuation of Cardinal Energy? With new pipeline, Alberta heavy oil should do well? Or has CJ.TO run its course?
Cardinal is fine - fairly valued today but building a lot of future value with its SAGD project. Long term should work out well.
Interesting, here is info on Gordondale plant
https://www.altagas.ca/infrastructure/operations/gordondale-gas-plant
Seems to go by train? to the Altagas plant, but Pembina might be involved..
See page 6
http://www.altagas.ca/sites/default/files/2024-05/ALA-VPK_REEF%20FID%20-%20Presentation.pdf
I think the rail is for bulk liquids and the feed gas comes in through Pembina.