The controversial $8 billion project, skillfully delayed for years by U.S. President Barack Obama, would transport oil sands crude from Canada to refineries on the U.S. Gulf Coast.

Suncor Energy Inc. reported third-quarter 2014 operating earnings per share of 89 Canadian cents (82 U.S. cents), which surpassed the Zacks Consensus Estimate of 79 U.S. cents.

Suncor is now part of Berkshire Hathaway's portfolio. With a large exposure to the Oil Sands, SU has one of the longest reserve life in the industry. However, a lack of pipeline capacity will remain a bottleneck, especially if the Transmountian or Northern Gateway pipelines continue to be blocked

Unconventional technologies have unlocked the oil and gas within the Western Canadian Sedimentary Basin. Casey's Marin Katusa believes that Canadian E&P companies have plenty of room to deliver exceptional shareholder value.

First Buffett bought into the railways to exploit the US’s Achilles heel. Then he invested $500 million in Canada’s largest oil sands producer. Warren Buffett is now pushing for the Keystone XL Pipeline. Coincidence? Hell, no.