Will TransCanada's Keystone Pipeline See The Light Of Day?
Zacks Investment Research | Mar 31, 2019 10:58PM ET
Bringing in pleasant news for TransCanada Corporation (TO:TRP) , Donald Trump issued a new presidential permit in an attempt to kick-start the much-delayed Keystone XL project. While the decision was criticized by environmentalists, the industry players have lauded the move of permitting this significant pipeline project amid infrastructural woes in Canada and the United States. Indeed, this provides a breather after the delays of Enbridge’s (NYSE:ENB) Line 3 project and Trans Mountain pipeline. Pipeline pinch and uncertain regulatory environment were slowing down the pace of oil sands development in Canada, with many supermajors like Shell (LON:RDSa) Original post
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