Cramer will emphasize Cushing tonight with ETP's cEO
"A pipilineCo. to pad your pockets" Mad Money tonight.
Mr. Kelcy L. Warren CEO will be on Cramer
•Enterprise Products Partners L.P. (EPD) and Energy Transfer Partners, L.P. (ETP) announced they have agreed to form a 50/50 joint venture to design and construct a crude oil pipeline from Cushing, Oklahoma to Houston. The project would allow greater access to the United States Gulf Coast-area refining complex and add ~500,000 barrels of storage capacity at new facilities to be constructed and owned by the joint venture at Enterprise's new Houston crude oil terminal.
This pipeline is critical in getting all of the oil being pumped out of the Bakeen that is currently sitting in Cushing to the market. with the amount of oil & gas being discovered this pipeline will be a gold mine for year to come. Great growth plus a nice dividend what's not to love...buy it!!