I ordered my broker to buy pipeline stocks. He said, “Are you sure? They’re really beaten down.” Well, duh! If we get a Republican administration and they get the EPA under control (and the economy doesn’t tank) then pipelines and coal will soar. (It’s 47 times cheaper to send oil down a pipeline than to ship it by rail. And, coal is still cheaper to use than oil.)
Specifically Keystone or others?
There was an article not too long ago about how one of the big pro-Democrat financiers (Soros or Buffett, I think) was investing back into coal.
So this is how systematic crony capitalism works. A political leader like Deblasio uses his power to force divestment in an industry. Which lowers stock prices.
That politician’s patron(s) then get to buy up the stock on the cheap.
The people who lose are those who were forced (say being vested in a pension plan) to divest. Any anyone who sees the stock prices drop without understanding what’s really going on.