ag3

Mainly commodities and football.

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@mercoglianos @EnergyAbsurdity @SecretaryWright US waterborne markets are much more efficient without it. It's reducing cost for consumer

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@calgaryherald Queens degree everyone ..

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@Rory_Johnston @ShanuMathew93 An FT special

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@Rory_Johnston How does this help if you are draft restricted on loading the Afras ?

30 Afras @ 550kb ?

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@CADOilTrader not his first rodeo

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@Big_Orrin guessing more to do with butane then c5+ given that barrel hits the US by the millions daily (and Cali restrictions .. similar to CARBOB)

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@realErikDPrince love these updates - much appreciated !

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@Rory_Johnston you can probably derive a FOB level from that and then convert to a WTI CMA basis eq, to figure out what it's worth off the dock relative to Hardisty.

Can then work out math assuming fully sunk vs variable on TMX.

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@Rory_Johnston they don't mean vs "Asian Brent"

It's ICE Br - 5, with buyer purchasing barrels delivered Asia rather than FOB Van.

So that price needs to compensate for freight, backwardation, financing and load costs. If that's positive great, you can start eating into your pipe TOP.

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@Big_Orrin Don't agree on a short-mid term basis

Not saying it roofs but positive at the margin for diffs.

You've got 400x of sunk cost tport that p2+3 need to bid up to keep at home. Excess egress out of the basin so price not forced to reset to workable Asia arb levels.

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@bananastand_cap @WTIBull @joshyoung bingo .. independent decision.

should only put $ into the ground if their fwd view on prices is constructive. the hedge book should be viewed as an overlay, not a prod target

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@Suicide95518428 @HFI_Research lol you don't think paper cracks are at 89$ ???

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@OilCfd @SchrodingersAlt just another cost to pass on to the consumer

haven't read rules, but if it's basically just co2 on fuel * distance, is there any games you can play via STS for shorter voyage for importer of record ?

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@healy_trader busy marking the rest of his book up

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@kalebra07 It's Toronto, these people will all vote for him again just like they did before

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@stevemccaff @chrisinmontreal PADD 2 gonna have to keep barrels, gonna get expensive for them. They don't have any other options.

RBN had 200kbd of re-exports out of P3 in summer, would expect that flow to stop if still happening

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@SchrodingersAlt @NewsFinOil wouldn't be a nice day for c5/RB folks

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@PFF_Sam watched CFL playoffs yday (first game I've watched this year)

was so nice not to see ridiculous flags thrown every two plays. not to mention seeing all these fines post-game

NFL has lost the plot. if it wasn't for gambling and fantasy, viewership would be down much more imo

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@andrew_leach ENB wants a streamlined reg process to de-risk the project.

everything else (underwrite spread risk / downstream facilities) is up to ENB to sell to the market / market decide they want.

just like in every single other infra project

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@NextWaveEFT and I bet you a 3rd of those eng are software guys that will optimize social media platform performance ..