- TransCanada’s (NYSE:TRP) decision this week to end plans for lower tolls on its gas pipeline to eastern Canada means less supply will head there from the country’s western reservoirs, opening the door for U.S. explorers to edge out Canadian competitors and ship more gas north of the border, Bloomberg reports.
- Drillers in the Marcellus Shale are now poised to expand their reach in Canada’s population centers, and Evercore ISI analysts say Antero Resources (NYSE:AR), Rice Energy (NYSE:RICE) and Gulfport Energy (NASDAQ:GPOR) stand to benefit the most from TRP's move.
- TRP said its decision was forced by a lack of interest from western Canadian producers, but it raises the odds that the proposed Nexus pipeline, developed by Spectra Energy (NYSE:SE) and DTE Energy (NYSE:DTE), or the Rover project led by Energy Transfer Partners (NYSE:ETP), will allow Marcellus gas to displace Canadian supplies, GMP FirstEnergy (NYSE:FE)'s Martin King says.
- While some western Canadian producers are banking on a better pipeline deal from TRP, that offer may never come, says one natural gas consultant.
Original article