Canadian heavy crude prices and TransCanada Corp shares slid on Friday, the day after the Keystone pipeline spilled 5,000 barrels of oil in South Dakota as officials in Nebraska mulled whether to approve another pipeline proposed by the company.
Transcanada Corp Mining News
The Keystone pipeline carries oil south from Canada through eastern North Dakota, South Dakota and Nebraska.
After speaking to 7,000 individuals, 5,500 landowners and 158 First Nation and Metis communities across six provinces, TransCanada said it has submitted its 30,000-plus-page application for the Energy East pipeline.
'Have your government [...] communicated with House Republicans about including Keystone in the original litany of demands put to President Obama?' - Tom Steyer to Stephen Harper
Canada's Resources Minister spoke with US counterpart on Monday.
Improved heavy oil pricing means these producers are enjoying significantly bigger netbacks.