Skip to main content

The Globe and Mail

Oil firms face ratings cuts if new pipelines not secured: S&P

A section of the Keystone oil pipeline under construction in North Dakota.


Globe editors have posted this research report with permission of Standard and Poor's Ratings Services. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following text is excerpted from the report:

Canadian crude oil producers expect production to increase significantly by 2030, in no small part because of oil sands production.

As a result, they are looking to get their product to the most advantageous end market, the U.S. Gulf Coast region. This will depend on expanding pipeline capacity between the two areas.

Story continues below advertisement

Should pipelines be delayed or cancelled, we believe the credit profiles of companies that have a lot of heavy crude oil in their product mix will deteriorate.

Read the full report here.

Report an error

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at