Keystone XL Stocks under Pressure

Mastery told you earlier this month that the major players that will bank the most coin from the Keystone XL pipeline deal will be TransCanada (TRP), Exxon Mobil (XOM), and PetroChina Co. (PTR).  The focus is really on TransCanada, not to mention several top elected U.S. officials own shares of the company including Michael McCaul, R-Texas, Rep. Judy Biggert, R-Ill., and Rep. Carolyn McCarthy, D-N.Y.

So will the Keystone XL pipeline get the green light?

If the Republicans get their way its going in, the end.  House Speaker John Boehner,  R-Ohio said this week that the Keystone would create "over 100,000 indirect jobs," adding: This is the epitome of a shovel-ready job project that the president ought to be approving. And if he won’t, then let’s let the Congress approve it.”

Mastery is thinking Obama is not going to win this fight, its looking more and more like the public wants the Keystone XL to be implemented.  Its going to create jobs in the U.S. but just how many is difficult to tell.  It could be 20,000, 30,000, or more. 

TransCanada claims the pipeline would create 20,000 jobs - 13,000 in construction and 7,000 in manufacturing.  TransCanada (TRP) shares have fallen 6% in 2012 however since 2009 the stock is up 61%.   Note that TRP has traded between $36 and $45 over the past 12 months, today its trading at $41.

Place your bets accordingly if you think the Keystone XL pipeline is going to win or fail.  To review the stocks we picked, read up on The Stocks of the Keystone XL Pipeline

CHARTLANDIA