Friday, March 30, 2012

Investopedia: Enbridge Energy Partners May Gain From Keystone's Pain

Whatever the objections people had to TransCanada's (NYSE:TRP) Keystone XL pipeline, the fact remains that the U.S. needs ways to get more oil from over there (wherever "there" may be) to over here. With its ownership of the U.S. side of one of the largest North American crude oil pipelines and extensive gas gathering operations in Texas, Enbridge Energy Partners (NYSE:EEP) may yet be able to benefit from the situation.

A Valuable Asset Becoming More Valuable
Key to the stories of Enbridge Energy Partners and parent/general partner Enbridge (NYSE:ENB) is the Enbridge Pipeline System. It includes about 1,200 miles of Canadian pipeline and the Lakehead System - 1,900 miles of U.S. pipeline than can move well over 1 million barrels of oil from oil fields in Western Canada down through Chicago and (through connecting pipelines) on to storage facilities in Oklahoma (Cushing) or along the Great Lakes, up to Montreal.

Read more here:
http://stocks.investopedia.com/stock-analysis/2012/Enbridge-Energy-Partners-May-Gain-From-Keystones-Pain-EEP-ENB-TRP-UNP0330.aspx

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