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Stock Market & Financial Investment News

News Breaks
March 12, 2013
08:07 EDTKMI, BRK.A, CNI, ENB, CP, TRPCanada, 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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April 17, 2014
12:07 EDTTRPTransCanada downgraded to Hold from Buy at Canaccord
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12:03 EDTENBEnbridge downgraded to Hold from Buy at Canaccord
April 16, 2014
18:25 EDTKMIKinder Morgan reports Q1 EPS 28c, consensus 33c
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16:12 EDTKMIKinder Morgan raises dividend to 42c per share from 41c
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April 14, 2014
10:02 EDTENBOn The Fly: Analyst Downgrade Summary
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06:00 EDTENBEnbridge downgraded to Neutral from Outperform at Credit Suisse
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April 10, 2014
16:00 EDTAOptions Update; April 10, 2014
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