Energy Transfer Chairman Kelcy Warren Says Does Not Expect US Army Corps Of Engineers To Shut Down Co's Dakota Access Oil Pipeline; Not Affected By US Army Corps Of Engineers' More Intensive Draft Environmental Impact Study For Dakota Access Oil Pipeline
Portfolio Pulse from Benzinga Newsdesk
Kelcy Warren, Chairman of Energy Transfer, stated that he does not anticipate the US Army Corps of Engineers to shut down the Dakota Access Oil Pipeline. He also mentioned that the company is not affected by the Corps' draft of a more intensive environmental impact study for the pipeline.
January 23, 2024 | 4:53 pm
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Energy Transfer's operations and stock price may remain stable as the Chairman expresses confidence in the Dakota Access Pipeline's continued operation despite environmental scrutiny.
The statement by Energy Transfer's Chairman may reassure investors and the market, potentially leading to a positive sentiment around ET's stock in the short term. The company's assertion of stability despite regulatory challenges could be seen as a sign of resilience and operational confidence.
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