The Financial Post reports in its Tuesday, July 30, edition that the energy patch is poised to announce its quarterly results over the next week or so. The Post's Naimul Karim writes that Cenovus Energy, Suncor Energy, Canadian Natural Resources and Imperial Oil, will be announcing their second quarter results, except for MEG Energy, which reported on Friday. The companies will be required to provide more details on the impact of the Trans Mountain pipeline expansion, which officially opened on May 1. This new pipeline links Alberta and British Columbia and has a capacity of 590,000 barrels per day. It is expected to improve prices for Canada's oil producers and narrow the price gap between Canadian and U.S. oil. In the second quarter, the price gap narrowed to $13.55 per barrel, marking an 18-per-cent decrease compared with the average between 2021 and 2023, according to Bank of Nova Scotia analyst Jason Bouvier on July 15. CIBC earlier this month, however, said it expects the differential to widen going forward due to the "modest apportionment on the Enbridge mainline and lower demand for heavy barrels." Despite that, MEG Energy expects the differential to be within the $10-to-$15 range in the long term.