At 1 p.m. Monday, Ontario utilities and Alberta energy heavyweights and one of the country's biggest pipeliners, TransCanada Corp., will settle in to a 110-seat hearing room in downtown Calgary to air their complaints before the National Energy Board.
That should ease if and when pipeline companies get approval and proceed with projects such as TransCanada Corp.'s Keystone XL and Enbridge Inc.'s proposed reversal of the Line 9 pipeline in Ontario to extend the market for domestic crude.
Encana Corp. has frustrated investors on three fronts: its natural gas strategy, its weakening balance sheet, and its recent decision to add millions to its capital spending budget despite shaky commodity prices.
A monster British Columbia well just south of the 60th parallel is pumping a tremendous volume of natural gas from a globally significant new play that stands to dramatically boost Canada's gas resources.
“The U.S. imports 10 million barrels of oil each day - forecasts predict that will not change for decades,” Russ Girling, TransCanada's CEO, said earlier this year. “So the question is where will that oil come from? Will it come from U.S. and Canadian ...