{ "docId": "019de510-a2da-714a-8490-cc1b23f27a2b", "docSlug": "555db01553ffa2acec83b8510dcd03f4", "documentTitle": "NuStar Energy | Investor Conference Presentation Deck | 38 slides", "authorId": "nustar-energy", "authorName": "NuStar", "documentKindSlug": "conference-presentation", "documentKindLabel": "Conference presentation", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2021-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.3333334, "pageNumber": 28, "pageCount": 38, "prevPage": 27, "nextPage": 29, "slideType": "key_messages", "function": "present_framework", "density": "overcrowded", "nDataPoints": 1, "notes": "Includes a map showing crude oil flow (WCS, Bakken, WTI, Mars) and an area chart showing Canadian crude production vs pipeline capacity.", "elementsJson": null, "metadataConfidence": 0.95, "imagePath": null, "slideHref": "/slides/019de510-a2da-714a-8490-cc1b23f27a2b/28", "deckHref": "/decks/019de510-a2da-714a-8490-cc1b23f27a2b", "deckJsonHref": "/decks/019de510-a2da-714a-8490-cc1b23f27a2b.json", "deckAnchorHref": "/decks/019de510-a2da-714a-8490-cc1b23f27a2b#slide-28", "components": [ { "bbox": { "h": 0.35, "w": 0.45, "x": 0.02, "y": 0.6 }, "kind": "chart", "text": "Canadian Crude Oil Production Outlook chart showing production vs pipeline takeaway capacity.", "attrs": null, "subkind": "area", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b825ad70-4ba6-44ca-825d-deac763a5cc1", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.4, "w": 0.45, "x": 0.5, "y": 0.18 }, "kind": "image", "text": "Map of US showing crude oil flows from WCS, Bakken, WTI, and Mars to export points.", "attrs": null, "subkind": "map", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "e8006ab5-b24c-4535-9d16-04201f5b0378", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.4, "w": 0.45, "x": 0.02, "y": 0.18 }, "kind": "list", "text": "Prior to March 2020, the lack of long-haul pipeline capacity to transport WCS supply to Gulf Coast demand generated price differentials that supported unit train economics. We have contract commitments for 30MBPD through April 2022. As Canadian production ramps back up, this price dislocation is expected to re-emerge and continue until Enbridge Line 3 is in service, now estimated to occur by the end of 2021. We can also handle light Bakken barrels with our rail facility, which may be an attractive alternative to DAPL.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "42065bf8-0770-407f-bc4b-1ae848f380ea", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.35, "w": 0.45, "x": 0.5, "y": 0.6 }, "kind": "list", "text": "We continue to work to assure our facility is connected to the pipeline projects in progress to debottleneck shale plays, the region, as well as the Midwest and beyond. In March 2019, Bayou Bridge began bringing WTI light, Bakken and Canadian barrels either for export or local use. As soon as early 2022, Capline owners plan to reverse its service to bring WTI, heavy Canadian and Bakken crude for use in regional refineries and export to other locations.", "attrs": null, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ed15f650-ff0f-4718-857c-875685dd7914", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.1, "x": 0.02, "y": 0.95 }, "kind": "source-note", "text": "Source: ESAI, UBS", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "95bed9d3-0547-4049-9eb5-22fd3a9ce07a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.75, "x": 0.2, "y": 0.08 }, "kind": "title", "text": "Our St. James Facility Benefits From Price Dislocations From Pipeline Constraints and Will Benefit From Export Growth as Those Constraints are Resolved", "attrs": null, "subkind": "action-title", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "53c9d202-084a-4f99-8113-b7e7e884b6d0", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.4, "x": 0.2, "y": 0.02 }, "kind": "title", "text": "GULF COAST STORAGE & EXPORT", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "519fa2b3-a7ad-4e48-aba0-a9bfdb76630b", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "2x2 matrix", "slug": "matrix-2x2", "agent": null, "layer": "slide", "matchId": "f5643857-39cc-434e-aa46-11526af07cd0", "evidence": "The slide mentions a chart with a map and crude oil flows, but no clear 2x2 matrix is visible. However, the layout of the components suggests a possible 2x2 matrix.", "confidence": 0.7 }, { "name": "Audience Definition", "slug": "audience-definition", "agent": "Storyteller", "layer": "slide", "matchId": "db5f2030-ca71-46bd-8d6c-1f147dc1e47b", "evidence": "The slide mentions 'Our St. James Facility Benefits From Price Dislocations From Pipeline Constraints and Will Benefit From Export Growth as Those Constraints are Resolved', which could indicate an audience definition.", "confidence": 0.5 } ], "frameworks": [ { "name": "causal-chain", "slug": null, "matchId": "5600c616-5bb9-4ee6-af85-54fc146cda20", "evidence": "Explains how pipeline constraints lead to price dislocations, which support unit train economics.", "confidence": 0.8 } ], "arcBeats": [ { "to": 38, "from": 21, "beatId": "c95be3c1-42bc-4d70-be4e-95a03567bee4", "arcName": "Rags to Riches", "arcSlug": "rags-to-riches", "beatName": "Ultimate Achievement", "beatSlug": "rags-to-riches-ultimate-achievement", "evidence": "The presentation concludes with an appendix and supporting data", "position": 4, "confidence": 0.8, "parentBeatName": "Resolution", "parentBeatSlug": "resolution" } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }