It’s anybody’s guess as to whether Vancouver will become home to the nation’s largest rail-to-marine oil-transfer terminal.
But an analyst with RBC Capital Markets, a global banking company, thinks the project proposed by Tesoro Corp. and Savage Companies at the Port of Vancouver has less than a 50 percent of being approved.
The May 8 research note, written by analyst Brad Heffern and focused on Tesoro, siad, ‘we no longer see it as a big needle mover given likely Bakken production declines.”