TransCanada Corporation (USA) (TRP), Enbridge Inc (USA) (ENB), Valero Energy Corporation (VLO), Canadian Natural Resource Ltd (USA) (CNQ): Who Wins if Keystone XL Is Approved?

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Suncor Energy Inc. (USA) (NYSE:SU), Canada’s largest oil and gas producer by market value, announced in December that it would reduce its capital spending budget for 2013 by C$200 million. And Canadian Natural Resource Ltd (USA) (NYSE:CNQ), another major oil sands player, said that it plans to cut costs related to thermal sand production, a process used to heat up bitumen underground.

The article Who Wins if Keystone XL Is Approved? originally appeared on Fool.com and is written by Arjun Sreekumar.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool recommends Enterprise Products Partners L.P.

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