National Energy Services Inc. (fka NESV)

[stocksmarter]

Interesting article:

Canadian oil prices are now just $18 below the price of U.S. crude thanks to a series of new U.S. pipelines, The Wall Street Journal reported this morning.

This means the Keystone XL Pipeline is already obsolete.

"Higher oil prices in Canada ... are a sign that oil-sands crude is finding its way to the U.S. even without the approval of the controversial Keystone XL pipeline," Journal reporters Nicole Friedman and Chester Dawson said. "The resurgence in Canadian oil prices and energy stocks is further confirmation that the transportation problems that have prevented both Canada and the U.S. from enjoying the full benefits of the energy boom are easing."

Until recently, crude from Canada's booming tar sands was getting trapped in the Midwest, preventing it from getting to the Gulf where it could be exported at market prices.

But in January, engineers switched on the Seaway Pipeline, which connects the major crude delivery hub in Cushing, Okla., with Gulf refineries. And rail now transports 550,000 barrels of Canadian crude, when five years ago barely 1,000 barrels were processed.


Read more: http://www.businessinsider.com/the-keystone-pipeline-is-quickly-becoming-obsolete-2014-5#ixzz3194vdlnV