This Oil Producer Is on Track for the Future
MEG Energy has been ahead of the curve in securing rail, barge, and pipeline access to critical markets.
David McColl: Recently, we produced a new research report, which looked at market access for Canadian crude. What we found was that, by 2017, approximately 850,000 barrels per day of crude will have to move by rail to markets. So, what does this mean for the industry?
Well, it means that you want to be positioned for producers who have access to the critical rail infrastructure to move their barrels to market. For this reason, we continue to like Best Idea MEG Energy, which has been ahead of the curve for securing rail, barge, and even pipeline access down to markets such as the U.S. Gulf Coast. What does this mean?
David McColl does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.