Excitement builds as oilpatch pins hopes on Trans Mountain pipeline approval

CALGARY – A major CP Rail line that runs through the heart of Calgary, separating the downtown core from the trendy Beltline area, normally elicits little excitement. But on Tuesday morning, a train carrying hundreds of green-coated, wide-diameter steel pipe was the talk of the town and raised the oilpatch’s hopes the federal government is poised to approve the Trans Mountain pipeline expansion on June 18. “Something is definitely developing,” said Canoe Financial senior portfolio manager and director Rafi Tahmazian, who saw the pipe-laden carriages and said a photo of the train moving westbound circulated between analysts and energy sector office workers. -- More...