"With the oil there is great value for that line. Irving will buy it all the way to Montreal"
I respectfully disagree. Why would Irving tread where three predecesors have failed while there are three alternative rail routes (CP/CN, CP/SLR/PAR/NBSR, CP/PAS/PAR/NBSR) in addition to a rail-water option for CP-originated crude. My guess is line abandonment and state takeover. Several years ago I asked, "what would happen if the Onawa trestle collapsed?" I think we're seeing that now.
I respectfully disagree. Why would Irving tread where three predecesors have failed while there are three alternative rail routes (CP/CN, CP/SLR/PAR/NBSR, CP/PAS/PAR/NBSR) in addition to a rail-water option for CP-originated crude. My guess is line abandonment and state takeover. Several years ago I asked, "what would happen if the Onawa trestle collapsed?" I think we're seeing that now.