Nov 17, 2010

TransCanada expects to see strong interest in Bakken crude oil pipeline



TransCanada Corp. expects to see strong interest in its proposal to ship light oil from Montana to markets further south, an executive with the pipeline giant told investors and analysts Wednesday.
A so-called "open season" — in which potential customers are invited to bid to ship their oil on a proposed U.S. pipeline project called Bakken Marketlink — wraps up Friday.
"We haven't got the final bids, but we've so far seen a significant amount of interest," said Alex Pourbaix, who is in charge of TransCanada's oil pipeline business.
"We do anticipate a successful open season for this project."
[Read more]
Source: Winnipeg Free Press

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