ckay River. Of remaining potential project delays we see greatest downside risk to project expansions at Cenovus' Christina Lake, Narrows Lake and PetroChina's MacKay River. 3. Lona-term, the infrastructure bottleneck needs to be addressed. As mentioned previously, the Gulf Coast represents the last rema

ith new debt issued by ETC. The transaction will make the combined entity the fifth largest energy company (by enterprise value), behind ExxonMobil, PetroChina, Shell and Chevron. - From a relative value perspective, ETP bonds appear to be quoted about 30 bps wider on the news. However, most MLPs are quoted