The Financial Post reports in its Thursday edition that Cenovus Energy has its eyes set on a "pretty vast market" as it gets set to make the most of the opening of the Trans Mountain pipeline expansion. The Post's Naimul Karim writes that the pipeline officially opened on May 1. Cenovus chief commercial officer Drew Zieglgansberger says: "We have been preparing for this for quite some time. Our teams have been working with buyers; there's a pretty vast market out there, which is exciting." The new pipeline will twin with an existing line built in 1953 that already transfers about 300,000 barrels of oil per day. Industry insiders expect the new pipeline to reach its capacity within two to five years, after which Canada may need another line to export its oil products. Cenovus chief executive John Mckenzie concurs, but says building more pipelines will not be easy. He says: "It is increasingly difficult to build pipelines in this country and it wouldn't surprise me if this were the last pipeline. But the reality is that we have a tremendous resource here in Canada ... and we produce more sustainably than anywhere else in the world." Originally pegged at $7.4-billion, the cost of TMX has ballooned to about $34-billion.