Energy Transfer Partners shareholders probably understand a little bit of the frustration that Transcanada shareholders felt a few years ago. ETP is in the process of building a new underground oil pipeline called the Dakota Access Pipeline, and like Keystone before it, DAPL is running into fierce opposition. The election of Donald Trump will reduce but not eliminate some of those concerns. The failure of Keystone and the high-profile opposition to DAPL illustrate just how much the world has changed in the last few years, and why existing pipelines may command a significant premium going forward.
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