|  Clifton Linton

Cenovus Signs 100,000 bbl/day 3-Year Crude-by-rail Deals with CN, CP

The agreements involve shipping oil with CN from Cenovus’s Bruderheim Energy Terminal starting in the fourth quarter of 2018, and with CP through USD Partners’ terminal in Hardisty, Alberta starting in the second quarter of 2019. Volumes will ramp up through 2019. This move shows how tight crude oil pipeline takeaway capacity is in western Canada. Can the railroad's fit this traffic into their plans without major disruption?...

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