Pipeline Impacts, Bankruptcy Ripples and Natural Gas is Legit

The Crude Life
The Crude Life
Pipeline Impacts, Bankruptcy Ripples and Natural Gas is Legit
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The Crude Life host Jason Spiess joined Investment Talk with Paul Meyers and Steve Poitras from Legacy Wealth Management to discuss several news items and issues in the oil and gas industry.

The Dakota Access Pipeline, Keystone XL Pipeline and Atlantic Pipeline and their recent news was discussed and how it will impact the market. Warren Buffet has already made a move involving the Atlantic Pipeline and natural gas. Energy Transfer Partners said it will honor the courts decision, but is still actively engaging in regular business.

Spiess discusses the safety and environmental aspects of the court’s decision in that more trucks and rail cars will be used for transporting crude oil now. In addition the rail cars will be prioritized and agriculture may become pushed back creating some friction, like in 2015.

The job loss is discussed as well citing welders, pipe fitters, cafe owners and laborers that will be impacted.

Spiess transitioned into the Chesapeake Bankruptcy (Whiting and Extraction too), how many are still waiting to see how the restructuring of debt plays out. Service companies and midstream companies are curious if their receivables will be forgiven, while the small businesses are left out.

Spiess continued stating Crestwood, Williams Co and Energy Transfer Partners all have contracts with Chesapeake, so there’s potential those stocks and companies could be impacted as well.

Other topics of discussion are natural gas, coal, renewable energy and subsidies.

The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.

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