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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:07 EDTBRK.A, TRP, ENB, KMI, CP, CNICanada, Keystone can learn from Buffett's BNSF railroad, WSJ reports
If you want to get a sense of what's going to happen with Canadian oil amid TransCanada's (TRP) Keystone XL pipeline battle, see Warren Buffett's (BRK.A) latest letter, reports the Wall Street Journal's "Heard on the Street." Buffett writes that his BNSF railroad company now transports 500,000 barrels of oil a day. Much is from the Bakken shale, where production growth has outpaced pipelines. The resulting local glut led the discount between Bakken oil and Brent crude to surge beyond $45 a barrel a year ago (narrowed now to $19). BNSF has driven its trains through that price gap, enabling Bakken producers to get their barrels to customers rather than slow production. Canadian oil producers face a tougher battle. Western Canadian Select is a relatively heavy grade of oil, so it should be cheaper than a lighter benchmark like Brent. But the discount, now $38 a barrel, owes much to transportation bottlenecks. The Canadian Association of Petroleum Producers forecasts production from Western Canada will hit 5.5M barrels a day by 2020, about double 2011's output. The bottom line: If Keystone doesn't get built, those ambitions will likely have to be scaled back. Reference Link
News For A;TRP;ENB;KMI;CP;CNI From The Last 14 Days
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August 29, 2014
09:02 EDTCPTSB deploys investigators to site of Canadian Pacific derailment
The Transportation Safety Board of Canada is deploying a team of investigators near Swift Current, Saskatchewan, where a train operated by Canadian Pacific Railway derailed yesterday, the agency announced. Reference Link
August 25, 2014
12:41 EDTKMIKinder Morgan receives Hart-Scott-Rodino clearance
Kinder Morgan (KMI) announced the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its proposed acquisition of Kinder Morgan Energy Partners (KMP). The proposed acquisition was announced on Aug. 10, along with the proposed acquisitions of Kinder Morgan Management (KMR) and El Paso Pipeline (EPB), for which no HSR filings were required. The approximately $70B transaction is expected to close by the end of 2014 following unitholder and shareholder votes, and standard regulatory notifications and approvals.
09:11 EDTTRPOn The Fly: Pre-market Movers
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August 24, 2014
18:52 EDTTRPTransCanada could climb 35%, Barron's says
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August 20, 2014
06:26 EDTCPU.S. regulators call meeting with BNSF, Canadian Pacific over delays, WSJ says
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August 19, 2014
07:07 EDTKMIKinder Morgan price target raised to $45 from $40 at RBC Capital
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August 18, 2014
19:26 EDTENBU.S. Court says Enbridge midwest pipeline can move forward, Bloomberg reports
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14:54 EDTENBU.S. Court says Enbridge midwest pipeline can move forward, Bloomberg reports
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10:43 EDTTRPHigh option volume stocks
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August 17, 2014
17:49 EDTKMIKinder Morgan looks expensive, Barron's says
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