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Enbridge (NYSE:ENB): Current price $44.54
It appears that railroads have been transporting more oil out of North Dakota’s Bakken shale play during the past three months, as Enbridge’s pipeline system has been underused in that time, said a refining company to United States regulators. However, Flint Hills Resources, a division of Koch Industries, said in a filing with the Federal Energy Regulatory Commission that the firm’s plans to expand its pipeline network out of the Bakken will not impede railroads from taking business. A Flint spokesperson commented that “This trend is not temporary. Rail transportation is becoming more competitive and will continue to take barrels away from the Enbridge North Dakota system.”
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