Doubtful it would operate at a loss. They’d have sharpened pencils which is something the private sector does quite well as opposed to public sector. Working in the oil and gas industry I’ve seen companies across the board lower operating costs significantly and still managing to turn profits. There’s no cheaper time to build then right now.  Forecasts have demand for both oil and gas increasing for at least 20-30 years and a  positive price correlation would be seen. That could mean 20+ years of taxes to take some stress of personal taxpayers, pay down debt, and allow sufficient time to broaden the economy at a well thought out pace. It’s not at all political though, right lol. If I were an investor in trans mountain I’d mainly  be worried about land treaties and politics. This will significantly increase the bottom line. It’d go as follows, trans mountain begins, First Nations sue government. Libs have no choice but to suspend construction. Costing investors billions.