4 Energy Stock Stories for Investors to Follow

Enbridge (NYSE:ENB): Current price $44.54

It appears that railroads have been transporting more oil out of North Dakota’s Bakken shale play during the past three months, as Enbridge’s pipeline system has been underused in that time, said a refining company to United States regulators. However, Flint Hills Resources, a division of Koch Industries, said in a filing with the Federal Energy Regulatory Commission that the firm’s plans to expand its pipeline network out of the Bakken will not impede railroads from taking business. A Flint spokesperson commented that “This trend is not temporary. Rail transportation is becoming more competitive and will continue to take barrels away from the Enbridge North Dakota system.”

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TransCanada Corporation (NYSE:TRP): Closing price $49.33

The Saskatchewan Premier Brad Wall heads a campaign to obtain quick approval for the Keystone XL pipeline, along with ten  American state governors, having sent a letter to President Obama on Thursday, pointing out that the line is crucial to American energy security: “With the Keystone XL Pipeline, U.S. Imports from Canada, a democratic friend and ally, could reach 4 million barrels a day by 2020, twice what is currently imported from the Persian Gulf.”

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 SeaDrill Limited (NYSE:SDRL): Current price $38.67

Seadrill said that Tullow has used its contractual option to extend the contract for the ultra-deepwater semi-submersible rig West Leo by two years, from May 2016 to May 2018. It is anticipated that the West Leo will carry out operations in West Africa until the end of its contract in May 2018. The potential contract revenue for the extension is calculated to roughly $450 million, based on 97 percent utilization, and includes a performance bonus arrangement, bringing the total estimated contract value to $1.13 billion.

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 KBR (NYSE:KBR): Closing price $30.58

KBR reported that it was awarded a contract by Cambodian Petrochemical Co. to supply licensing and engineering services for the Veba Combi Cracker Unit, to be implemented in the Kampong Som Petrochemical Industrial Zone of Cambodia. Tianjin Petrochemical Engineering Design Co., the EPC Contractor for the Unit, conducted the agreements on behalf of CPC. Through the terms, KBR will provide License and Basic Engineering services for the 1.2 MMTPA VCC Unit that will process refinery vacuum residues into high value naphtha and Euro 5 diesel products.

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