MENU

Which Pipelines Would Be Best For Canada and Its Future?

You don’t necessarily need to be interested in oil and natural gas to have at least heard of TransCanada’s (TSX:TRP,NYSE: TRP) Keystone XL pipeline. The debate about the northern phase of the pipeline which would connect Hardisty, Alberta with Steele City, Nebraska, has been ongoing in the United States since the pre-election days of 2012. President Barack Obama has yet to make a final decision and has promised to veto any agreement reached in the United States Congress.

While this pipeline’s fate remains in limbo, perhaps it would be wise to begin construction of two other contentious pipeline projects that don’t rely nearly as heavily on U.S. approval. Yes, it would be nice to have the 850,000 barrels per day of capacity online, but there are two proposals on deck that could send 1.1 million barrels per day to the Pacific coast.

Both Kinder Morgan Energy Partners (NYSE: KMP) and Enbridge (TSX:ENB,NYSE: ENB) have projects proposed that would dramatically increase the oil sands’ exposure to the West Coast and the export capabilities that accompany this access. Would these projects provide a better future for the Canadian energy market? Check out the video below for analyst Taylor Muckerman’s opinion on the matter.

While oil and natural gas steal many of the energy related headlines we see, uranium has the potential to be the fuel that powers the 21st century.  Click here now for instant access to our FREE report titled “Fuel Your Portfolio With This Energetic Commodity”.  We think you’ll be surprised just how bright the future is for uranium, just how far these two Canadian names have fallen, AND how fast they could rebound.  Click here to access this free report, and hop on for the nuclear ride of your life!

I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. I understand I can unsubscribe from these updates at any time. Please read the Privacy Statement and Terms of Service for more information.