1 Pipeline Transport Company Preparing for the Oil Boom
With the coming North American oil boom ramping up, more and more companies are finding themselves without the midstream capabilities to transport all the oil they are producing. So, any transport company that can position itself for high volume now will have the deck stacked in its favor. Enbridge (NYS: ENB) is preparing for just that. In this video, Motley Fool energy analyst Joel South tells us about two recent expansion plans for this midstream company. One is a pipeline connecting Edmonton, Alberta, into a network that can deliver crude oil to the Great Lakes region, in addition to running through TransCanada's (NYS: TRP) Keystone XL pipeline. Another is a railroad designed to bring oil from the Bakken Shale east to Philadelphia.
Enbridge is not the only company taking advantage of the surge in oil and natural gas production from hydraulic fracturing and horizontal drilling. These massive bottlenecks create an excellent opportunity for all types of midstream companies. Energy Transfer Partners helps alleviate the gluts in supply with 23,500 miles of transformational pipelines. To see if ETP and its industry-leading yield will be a fit for you, click on this detailed premium report, which will supply you with a thorough analysis of this attractive midstream player.
The article 1 Pipeline Transport Company Preparing for the Oil Boom originally appeared on Fool.com.Joel South has no positions in the stocks mentioned above. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Kinder Morgan. Motley Fool newsletter services recommend Kinder Morgan. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.