TransCanada Corporation (USA) (TRP), Enbridge Inc (USA) (ENB): Warren Buffett Doesn’t Care About Keystone XL

Foolish bottom line

If the Keystone XL pipeline is blocked, will Warren Buffett profit through his railroad? Maybe, but based on the fact that rail is a non-factor in oil sands transport right now, not nearly to the degree some are claiming. In fact, it is conceivable that BNSF would profit more if the pipeline is approved and shipments of diluents increase. We will have to wait and see, but for now, Warren Buffett is a non-issue when it comes to Keystone.

If you’re looking for companies that will benefit from blocking Keystone, you are better off looking into either Enbridge Inc (USA) (NYSE:ENB) or Kinder Morgan Energy Partners LP (NYSE:KMP). These companies have plans to build east to west pipelines from Alberta to the coast of British Columbia, and though they are facing stiff opposition, if Keystone is blocked then the Canadian government may have to force one of those projects through to keep Canada’s natural-resource-driven economy from collapsing.

The article Warren Buffett Doesn’t Care About Keystone XL originally appeared on Fool.com and is written by Aimee Duffy.

Fool contributor Aimee Duffy has no position in any stocks mentioned. If you have the energy, follow Aimee onTwitter, where she goes by @TMFDuffy.The Motley Fool has no position in any of the stocks mentioned.

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