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Headline News

Pipeline Stocks Plunge After FERC Kills Key Income-Tax Allowance - Bloomberg

2018-03-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (40-0)

Canadian crude is finding a new way to Asia without a pipeline

2018-03-15 worldoil
HOUSTON and CALGARY (Bloomberg) -- Canadian oil producers found a way to access the growing Asian energy market without the controversial Trans Mountain pipeline. (6-0)

Trans Mountain seeks permanent injunction against protesters in court

Social media posts suggest anti-pipeline activists are determined to continue blockades at two terminals in Burnaby, B.C., as they cause more irreparable harm to the Trans Mountain project, says a lawyer seeking a permanent injunction against the protests. (6-0)

Canadian Crude Is Finding a New Way to Asia Without a Pipeline - Bloomberg

2018-03-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (6-0)

Green leader Elizabeth May on Notley, Kinder Morgan and pipeline 'propaganda'

Thousands of people in Burnaby marched in protest last weekend against the Kinder Morgan Trans Mountain pipeline expansion — among them the Green Party's federal leader. (6-0)

CAPP opposes threat to cut off oil to B.C. in Kinder Morgan battle

The Canadian Association of Petroleum Producers (CAPP) says the threat by Alberta's premier to cut off oil supply to British Columbia is not "the appropriate tool" to pressure the province into supporting the controversial Trans Mountain pipeline expansion. (6-0)

[Press] Oil Storage Market Will Hit at CAGR of 4.73% by 2024

2018-03-14 oilvoice
The beginning of 2016 marked a historic drop in oil prices, hitting a 12-year low. The plummeting prices reflected the drastic change in oil trends, wherein the global supply of crude oil surpassed its demand. The downturn in oil prices resulted in a severe oil glut, creating a storage crunch. Considering that more crude oil was being stored rather than sold or refined, the demand for oil storage facilities has surged over the past few months. (6-0)

Will Enterprise Products Partners Gain Upward Momentum?

Enterprise Products Partners (EPD) stock surpassed its 200-day moving average on March 12. Its 50-day moving average surpassed its 200-day average at the end of January 2018. Both are considered bullish indicators. They indicate that EPD stock may remain strong in the near term. (7-0)

The power and patterns of pipeline protests

On the heels of a move by the B.C. government that delayed construction of Kinder Morgan's Trans Mountain pipeline expansion — and resulted in a small trade war with Alberta — more than 5,000 placard-waving activists gathered Saturday in Burnaby, B.C., to voice their discontent over the federally approved project. (6-0)

Kinder Morgan: Will The Pain Continue?

2018-03-13 seekingalpha
Volatile bear market in energy markets, which became extreme beginning in July of 2014, could be at a critical turning point that could help propel KMI rallies from the lows. (6-0)

Oil Price's Goldilocks Moment

2018-03-13 seekingalpha
Oil is a large "transitory" factor on inflation, but still not major unless there is an oil price shock. (36-0)

B.C. recruits noted constitutional lawyer for court action over Trans Mountain expansion

A high-profile constitutional lawyer will represent British Columbia in an upcoming court action over Kinder Morgan's Trans Mountain pipeline expansion. (6-0)

Weekly Rig Count Report: U.S. Added 3 While Canada Lost 29

2018-03-12 seekingalpha
Welcome to the Weekly Rig Count Report. This week we saw a big drop in the Canadian rig count as both oil and gas lost a combined 29 a weekly basis, which also represents a 42 loss on an annual basis. As we enter spring break-up we should see rig counts to turn lower in Canada in the coming months. The U.S. also surprised by adding 7 gas rigs while losing 4 oil rigs. We think the story for 2018 has continued to evolve around a Permian resurgence and continued depression up North for Western Canadian producers. (34-0)

Notley's threat to cut off oil exports to B.C. a political gamble, says analyst

Rachel Notley's threat to cut oil exports to British Columbia in the battle over the Trans Mountain pipeline is a gamble which could backfire for the Alberta premier, says an Edmonton political scientist. (6-0)

Kinder Morgan Rose 1.4% Last Week

After seven consecutive weeks of decline, Kinder Morgan (KMI) gained 1.4% in the week ended March 9, 2018. In comparison, the Energy Select Sector SPDR ETF (XLE) rose 2.2% and the Alerian MLP ETF (AMLP) rose 0.6%. Crude oil rose 1.3%. For more about what’s driven crude oil prices, read Record Crude Oil Production and Inventories Pressure Oil Futures. (6-0)

CUSIP: 49455U100