UPDATE 2-TransCanada sees crude-by-rail investment even if Keystone built
TransCanada Corp is in talks to get into the crude-by-rail business and will probably do so even if its long-delayed Keystone XL pipeline gets its U.S. permits next year, its chief executive said on Wednesday.
While Canada's No. 2 pipeline operator has not yet signed any definitive agreements, it is in active negotiations with producers and other shippers on opportunities, CEO Russ Girling said on a conference call.
"If I were to put a probability one it, I'd say there's a better than 50-50 chance that we will be in that business in some form or fashion in the future," he said.
Girling added that with Canadian and U.S. oil production rapidly expanding, TransCanada expects rail will be a larger part of the transportation mix going forward, "so it's likely a business that we're in long-term irrespective of Keystone."
http://www.reuters.com/article/2014/11/19/transcanada-outlook-idUSL2N0T91LC20141119
TransCanada will probably get into the crude-by-rail business even if its long-delayed Keystone XL pipeline gets its U.S. permits next year, its CEO said Wednesday.
