With a decision expected on the northern leg of TransCanada‘s (TSX:TRP) Keystone XL pipelines in the next year, investors are focused not only on crude oil producers but also on the railroad companies who have experienced a significant increase in crude-by-rail shipments. With over 800 thousand barrels of oil per day capacity, could the Keystone XL pipeline take a bite out of Canadian Pacific (TSX:CP,NYSE:CP) and Canadian National‘s (TSX:CNR,NYSE:CNI) bottom line?
In the following video, energy analysts Joel South and Taylor Muckerman discuss the markets each company is serving and determine the long-term effects if Keystone XL is approved.
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Fool contributors Joel South and Taylor Muckerman have no position in any stocks mentioned at this time. David Gardner owns CN Rail.