Energy: TransCanada’s Keystone Approval and OPEC Notes
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 30 November 2017
⏱️ 22 minutes
🧾️ Download transcript
Summary
Nebraska Public Service Commission voted 3-2 to approve an alternative route for the Keystone XL pipeline through the state. We discuss potential implications of Keystones operator TransCanada, and what the decision might mean for investors. Ahead of the OPEC meeting in Vienna, we debate the rumors and conjecture around the assembly.
Transcript
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| 0:00.0 | Thanks to Slack for supporting the Motley Fall. |
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| 0:08.0 | Go to Slack.com to learn more. |
| 0:10.0 | Welcome to Industry Focus, the show that dives into a different sector of the stock market every day. |
| 0:17.0 | Today we're talking Energy and Industrials. |
| 0:19.0 | It's Thursday, the 30th of November, and we're going to be discussing a couple of recent news items |
| 0:23.8 | joining me in the studio is Motley Fall Canada premium analyst Taylor Mockamam. |
| 0:28.1 | Taylor thank you for joining me how is your Thanksgiving? |
| 0:31.0 | It was great stay local so you just had to eat. You didn't have to travel. |
| 0:34.4 | The traveling, yeah a lot of travel. I think probably about 12 hours cumulative traveling. |
| 0:41.5 | Too much travel. The caveat being my mother-in-law is an amazing cook so |
| 0:46.7 | there was always there was a week of good food and now I'm paying for it. |
| 0:50.8 | The smell of leftovers to give you on the road. |
| 0:53.0 | Absolutely. |
| 0:55.0 | So in the news recently, for a couple of reasons, has been the Keystone pipeline. |
| 0:59.2 | The pipeline leaked an estimated 5,000 barrels of oil in South Dakota forcing Trans Canada who owns the pipeline |
| 1:04.6 | to shut it down. |
| 1:05.9 | The other reason Keystone has been in the news is that Nebraska voted to approve the |
| 1:09.2 | Keystone Excel going through the state, albeit with a different route. |
| 1:13.0 | The Excel pipeline when finished is estimated to be almost 1,200 miles, |
| 1:17.0 | running from Alberta, Canada to Steel, Nebraska, |
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