SeekingAlpha article on how to play the Bakken now: the pipelines.
The Bakken production is being held back or will be held back by lack of infrastructure to ship all that oil -- according to the story. I'm not sure how accurate that is, and if production is being held up, to what extent?
But remember: record number of wells in the Bakken and drillers are completing wells in record time could put pressure on takeaway capacity in the future.
I hold ENB and EEP; ENB for growth and EEP for income. I have posted recently on ONEOK. I follow the TransCanada story but do not hold.
ENB and EEP are both affected by the recent upper Midwest (Michigan) oil spill.
By the way: the SeekingAlpha article did not cite the source for it's statement that Enbridge intends to double its capacity in North Dakota but I believe I was the first to catch that interesting tidbit in a photo caption of a local newspaper.
Milliondollarway, ONEOK, TransCanada, and Enbridge.....yup.
