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Why We Put Oil on Trains

By Aimee Duffy - Apr 18, 2013 at 6:35PM

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NYSE: EOG

EOG Resources, Inc.

Market Cap

$80B

Today's Change

(2.34%) $3.13

Current Price

$136.85

Price as of May 27, 2022, 4:00 p.m. ET

Unconventional oil plays are increasingly shipping oil by train instead of pipeline, here's why.

American oil producers are putting oil on trains more and more often to get it to markets that are underserved (or served at all) by pipelines. In this video, Fool.com contributor Aimee Duffy explains what started this trend, which companies it affects, and why producers in plays like North Dakota's Bakken Shale may want to stick to shipping via rail for a longer time than some analysts think.

Stocks Mentioned

EOG Resources, Inc.

EOG

$136.85 (2.34%) $3.13

Plains All American Pipeline, L.P.

$101.73 (3.09%) $3.05

PBF Energy Inc.

PBF

$32.94 (5.07%) $1.59

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

This Oil Stock Could Pay Its Investors $4.8 Billion in 2022

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EOG Resources (EOG) Q4 2021 Earnings Call Transcript

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