Pembina Pipeline Corp PPL.TO of Canada is veering away from considering a substantial investment in the recently expanded Trans Mountain oil pipeline TMX, primarily due to lingering uncertainties surrounding shipping tolls, a top company executive revealed on Friday.
Consequently, the TMX doesn't currently command much attention as an investment opportunity within Pembina's strategic focus. Despite Trans Mountain commencing commercial operations just last week, Ottawa has announced plans to initiate a divestment process for the pipeline later this year. However, analysts are skeptical about the government's ability to recoup its substantial investment.
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