Reports are that hedge fund mgr Tom Steyer has a decades old massive position in KMP
He is a huge Obama supporter raising millions. He has lobbied heavily AGAINST Keystone
IF Keystone is not built the only major pipeline out of Canada for Tar Sands oil is via KMPs TransMountain pipeline which will move 900K barrels a day after the expansion is complete. Reports are that Canada will not approve "Northern Gateway" pipeline
They wont let me post links but there is a story on FoxNews page... if you don't trust Fox google Tom Steyer and Keystone
Figured this discussion should be on top with "goldengates" recent comments... interestingly 2 months ago he agreed in this thread that Keystone not being built benefitted KMP... his latest rantings are just the opposite
GOOD INFORMATION.............OSAMBO WILL REJECT THE PIPELINE................KMP MAY BE A BARGAIN NOW:
HOWEVER, ALL THE HEDGE FUNDS KNOW THAT IT WILL BE REJECTED TOO.......I WILL BUY IT LOWER...
FORD MOTOR IS MY BEST CHOICE.
So what is the timetable for Keystone being "not built"? Is it the end of the Obama administration? POTUS is obtuse on the subject while "good" numbers are re-evaluated and slashed by as much as 25% on a monthly basis. Manipulation and lies are rampant, perhaps as a reward to Tom Steyer.
The reality is that time is on KMPs side...
The longer Keystone goes unbuilt.... theTransMountain becomes that much more important
Remember pipeline capacity is sold up front on long term contracts... As long as KMP sells out the TransMountain added capacity before Keystone is approved..... long term KMP & Steyer are the winners
its important to note that TransMountain is oversubscribed every month
That is great for stock but our President is corrupt and a phony. Horrible for USA! This man and those around him are Chicago thugs in it for the money. He hates America and loves those illegal voters!
NOBODY FOOLS YOU....DO THEY.........NOT EVEN OSAMBO.............BEST REGARDS,
I AM THE ONLY OTHER PERSON WHO HAS SAID THAT OSAMBO " HATES WHITE CHRISTIAN AMERICA".........I BELIEVE THAT OSAMBO WILL REJECT THE XL PIPELINE.....MAYBE TIME TO BUY.
I think that while the tripling of capacity is great for KMP.... its no where near a given that all of the oil will flow to China
Vast amounts will travel to the same refineries that were/are supplied by the "Alaska Pipeline"
As always... environmentalists are fools.... as it is far more dangerous (relatively speaking) for oil to be transferred too and shipped by tanker.... than it is for it to be transported in a constantly monitored pipeline.... can you say Exxon Valdez
when it comes to jobs... putting construction aside... long term there would be more U.S. jobs in the shipping and transferring the oil by ship than there would be in the maintaining and monitoring a pipeline like Keystone