It appears from the POTUS keystone will most likely be approved unlike future coal production. Does anyone have any thoughts how the keystone will positively impact lightstream/PBKEF? I may buy some more below 7.30.
That's one pipeline approved by the State Department today. We are on the right track, now let's get the one that flows in the opposite direction approved next!!! Very bullish news, shows that the State Department is actually working on getting things done for a change.
The Market is always forward looking and therefore, Keystone approval will be a HUGE catalyst because LSTMF does own significant wells in the region to be served by Keystone. Of course, they are also producing and own reserves in many other areas, which is a good thing.
I think you are "spot on!" XL has always been intended to caryy 'syncrude.' If XL built they might make provision for certain time periods to send "Bakken" Light Crude. Some of the pipelines in the US run different type products depending upon need and pricing.
BUT XL is planned & scheduled for Tar sands production.
WE NEED ENBRIDGE or someone to run more pipe!