Update on Keystone XL

Following the decision to kill Keystone XL, Canada said very publicly it would look for alternate markets for its Canadian oil sands crude. I posted a story some time ago, shortly after that, that the Chinese state oil company, CNOOC, had bought a chunk of the Athabasca.

Now today there is a report that another Athabasca deal is in the works. No one is talking, but rumors are Kuwait is buying a piece of the rock, or in this case, a piece of Athabasca. 

This, again, makes the Keystone XL less urgent for the Canadians. 

I'm probably making too much of this, but just my 2 cents worth.  It's just as likely the Kuwaitis, who know oil, simply see this as a great investment, knowing that the Keystone XL will eventually be built. Idle chatter.