New to this board and stock. Any insight from you veteran holders as to what impact approval of the Keystone Pipeline might have on CLMT? Thanks.
The Keystone means nothing for the US. All of that Canadian oil will be refined on the gulf coast and exported.
Approval wont do much. Having the steel in the ground about ready to fill with oil will hurt heavy crude discounts of their new Northern Tier located refineries. That will be years away, and easy to pocket some nice dividends before that time.