Canada: Oil companies ready to pounce on extra rail cars to ramp up production

By Janet French, Edmonton Journal; October 31, 2019

Oil companies say they’re already rounding up rail cars in response to news the Alberta government will allow some producers to exceed a mandatory production cap if they can move their oil by train.

“This is a very significant development for the industry and the province, and sets the stage for the government to remove itself from the Alberta crude markets,” Suncor CEO Mark Little told investors on a Thursday morning conference call.

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