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Description: President Joe Biden’s revocation of the March 2019 permit enabling the construction of the Keystone XL pipeline will likely result in more crude-by-rail volumes, according to industry observers. But how much volumes will increase could largely depend on the price that heavy crude oil can fetch in the global market.

Source: Yahoo.Finance.com

Date: Feb 15, 2021

Link: https://finance.yahoo.com/news/keystone-pipeline-cancellation-means-crude-145130251.html

Questions for discussion:

  • What does the report say is likely to happen to Canadian oil transportation?
  • What does this mean for the transportation firms mentioned in the report?
  • Assuming oil prices recover as the pandemic fades, do you think these firms represent good growth potential?
  • What should investors do?

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