for Kinder Morgan
The cancellation of the Trans Mountain Expansion pipeline would significantly hurt Alberta's oil sands producers, which are struggling with midstream constraints and large discounts for their crude.
The future for pipeline companies could be mixed. A friendlier environment from the federal government is a boon, but a potential minefield of local opposition will also block construction.
Energy Transfer Equity's attempted takeover of Williams Corporation provides insight into why pipeline companies are seeking to consolidate in the current price environment.