4 Energy Stock Stories Enticing Interest For the Weekend
Enbridge Energy Partners (NYSE:EEP): Closing price $29.60
Late Thursday, the Federal Energy Regulatory Commission ruled that Enbridge is permitted to restrict the amount of potentially harmful sulfide gas in crude oil transported on its pipeline into its Bakken rail loading terminal in North Dakota. The firm on May 8th had filed a request to limit the amount of sulfide gas in crude received at its Berthold rail terminal one day after it discovered extremely high levels of the gas in one of its storage tanks three days prior. At Enbridge’s request, Plains All American, Murex Petroleum Corp, Hess Corp and Marathon Oil Corp had each filed so-called motions to intervene, some of which cited worries about how it might affect their businesses.