What Does the Seaway Pipeline Mean for Oil Prices?
The following video is part of our "Motley Fool Conversations" series, in which energy editor/analyst Joel South and technology editor/analyst Brenton Flynn discuss topics around the investing world.
In today's edition, Joel talks about the Seaway Pipeline reversal set for action on Thursday. The reversal of the pipeline, which will now go from Cushing, Okla., to Freeport, Texas, is significant because it allows Gulf Coast refiners access to cheaper West Texas Intermediate oil. Will WTI prices increase as the massive glut in Cushing is relieved? Watch the video to hear our analysis on the pipeline reversal and what it means for joint owners Enbridge and Enterprise Products Partners, as well as one other refiner that's positioned to succeed in the current environment.
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At the time this article was published Brenton Flynn and Joel South have no positions in the stocks mentioned above. The Motley Fool owns shares of Western Refining.Motley Fool newsletter services recommendEnterprise Products Partners. Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
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