4 Energy Stock Stories Not to be Overlooked
Kinder Morgan Energy Partners (NYSE:KMP): Current price $86.33
On Thursday, Kinder and the rail operator Watco said that they will team up with the Swiss oil trader Mercuria to construct a 210,000-barrel per day crude-by-rail terminal in Houston, marking the most recent gambit on railcars to ease major bottlenecks in domestic oil markets. Terminals like this are appearing while shale drilling in the United States accelerates and new pipelines lag, causing large regional oil price gaps, and also allowing traders like Mercuria to profit by moving crude rapidly among regions. The terminal will be ready in one year, according to Kinder spokesman Joe Hollier.
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