The Financial Post reports in its Saturday, June 30, edition that on Thursday regulators in Minnesota signalled they would grant Enbridge a certificate of need, approving its Line 3 pipeline project. The Post's Geoffrey Morgan writes that Ninepoint Partners manager Eric Nuttall says significant momentum is "coming back into Canadian exploration and production." He says: "We eliminated a potentially disastrous event that would have impaired fund flows back into Canada. Thankfully, that was not the outcome." Mr. Nuttall says he himself has been reinvesting in Canadian energy stocks. He says, "Canada offers the best leverage to an increasing oil price." The Minnesota decision led to a rally in the Canadian oil patch. Cenovus Energy spokesman Reg Curren says, "It's a positive development for oil producers in Canada and also for U.S. refiners as increased transportation capacity would help reduce pipeline congestion out of Canada." Cenovus, Suncor Energy and Canadian Natural Resources shares all made gains on Friday. Investment bank Tudor, Pickering, Holt & Co. said the approval was "certainly a positive for both Enbridge and the Western Canadian Sedimentary basin."