So, we're bullish on that opportunity," Creel said. Had construction continued, the pipeline would have entered service in 2023. However, as a result of the expected revocation of the Presidential Permit, advancement of the project will be suspended.The company will cease capitalizing costs, including interest during construction, effective January 20, 2021, being the date of the decision, and will evaluate the carrying value of its investment in the pipeline, net of project recoveries," TC Energy said in a release last month. AI will bring autonomous tech to our cars, making self-driving vehicles a reality. So, if you’re following car makers or e-mobility, or feel as though you may have missed early investment opportunities there, it may be a good time to see them differently -- to see them as battery companies. However, suspending pipeline construction doesn't necessarily translate into a one-for-one increase in crude-by-rail volumes, according to Benedict. Furthermore, according to Natural Resources Canada, 98% of Canada's crude oil exports in 2019 went to the U.S. Those investments and vast oil reserves have also resulted in significant investments in other areas of the energy sector, including investments in pipelines. See more from BenzingaClick here for options trades from BenzingaMr. A few standouts in Zuanic’s Thursday note on the space include Ayr Strategies (OTCQX: AYRSF), Green Thumb ((OTCQX: GTBIF) and Jushi Holdings (OTCQB: JUSHF). However, crude-by-rail could be a "slight positive bump on the rail industry," Bloomberg quoted Ruest as saying. The risks of moving from a single layer cell to a production car are high, but we think these are balanced by the commercial potential and the role of Volkswagen to help underwrite the early manufacturing ramp," Jonas explained. The Canadian railways have reported record grain volumes over the past several months, and crude volumes must compete with grain, as well as other commodities, for the same rail track. READ FULL CRESO PHARMA ARTICLE 4. He joined the group as Allegro Group chief financial officer in August 2013 and was promoted to chief executive officer Global Transactions Ecommerce in … This article is originally published at Insider Monkey. New York City is full of romance, and there's still one way for a few locals to enjoy Valentine's Day in the midst of the pandemic. The oil market isn't the only factor that dictates crude oil production and its subsequent transport. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. (Bloomberg) -- Palantir Technologies Inc.’s blistering rally will face two key events this week with an earnings report on Tuesday morning, followed by the expiration of a lockup three days later that could unleash a wave of selling from insiders tempted to cash in their shares.The data-mining company’s stock has more than quadrupled in the seven months since its direct listing amid a string of high-profile sales deals and interest from retail traders. People just want to get outside their homes. Ruest said low oil prices, decreased travel and the Keystone pipeline cancellation are among the factors influencing CN's energy outlook. After a $750 million gain on its Bitcoin holdings, U.K.-based Ruffer Investment Management decided to take its "book cost" off the market. Smart investors will look for companies capable of meeting scaling demands, once they have settled on marketable models. Incannex shares nearly reached a seven-year high after the Melbourne-based company said it had signed EAS Advisors on as consultants to introduce it to U.S. banks and institutions. Here’s what we learned: Medical Cannabis net revenue reached $38.9 million — up 42% versus the second quarter of 2020. GLENN FOGEL: Well, thanks for having me. Our calculations showed that Booking Holdings Inc. (NASDAQ: BKNG) made it to the list of the 30 most popular stocks among hedge funds, and was ranked 13th. Still, while many investors see spin-off opportunities in electric vehicles (EV), they likely miss that EVs themselves are spin-offs of battery technologies.
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