By Bret Jensen
Another poll came out today showing Americans support approval of the Keystone Pipeline, which has now been delayed by over 5 years, by a 3 to 1 margin. In addition, over 60 senators support approval. My opinion is that the president will continue to drag his feet on this matter. However, with the mid-terms approaching, a change of heart may not be out of the question.
As I penned back in December, Canadian Natural Resources (CNQ) would be a big, if not the biggest, winner if the pipeline was approved. Regardless the shares are doing just fine while the decision process on this “political football” moves as slow as molasses in the winter time.