- TransCanada (TRP +1.6%) is higher, as Trump’s win could breathe new life into the Keystone XL project; the U.S. president-elect has said he would “absolutely approve it, 100%," although he also has said he wants a greater cut of the profits while not explaining what that means.
- RBC Capital believes a Trump victory is good for oil and gas infrastructure demand, which is good for growth for pipeline and midstream stocks and “especially those with U.S. operations and/or projects to move Canadian energy production into the U.S.”
- Energy Transfer Equity (ETE +16.6%), Energy Transfer Partners (ETP +12.2%) and Sunoco Logistics Partners (SXL +8.6%) also are higher as ebullient investors see an improved likelihood of completion of the Dakota Access pipeline.
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Oil pipeline stocks move up as Trump seen more likely to approve projects
Published 11/09/2016, 02:36 PM
Oil pipeline stocks move up as Trump seen more likely to approve projects
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