Favorable New Development Should Further Help Northern Sun
The main lead company in the Mackenzie Pipeline Project has changed to a stronger less demanding player to wit, Imperial Oil has been succeeded by Trans Canada Pipeline.
Trans Canada is much more likely to develop the project because their cost estimates are less which will be more attractive to the Canadian Government.
With the success of project completion, the Government will give all Indian tribes in the Mackenzie Valley their petroleum rights. This would include the tribe that owns the Cameron Hills...which means Northern Sun would be able to help that tribe develop those hills which means great prosperity for Northern Sun and its shareholders.
Making money in stocks is tough to do. Some stocks are great trading vehicles. But even trading stocks can become buy and holds as the company begins to really achieve the goals that management is seeking. Buyouts or producers reflect that success.