Clash of the Titans: TransCanada and Enbridge Compete for Access to Eastern Market
SUGAR LAND--June 27, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Brent crude oil prices are the second-highest in North America, just behind Asia. The margins to get Alberta Oil Sands crude from the well to the East Coast market are high, and both Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) and TransCanada Corporation (NYSE:TRP) (Calgary) have plans to cash in on it. In typical fashion, Enbridge has a string of modifications to existing infrastructure planned or finished to carry crude to the East Coast. Likewise, TransCanada has a massive grassroots project planned to do the same.
