A new report says the Keystone XL pipeline would pose negligible impact to Nebraska, clearing a significant hurdle to move unconventional sources of Canadian oil from oil sands to the Gulf Coast, said David Tameron, senior analyst, Wells Fargo Securities.

The TransCanada (NYSE: TRP) pipeline was previously rejected over environmental concerns.

The “pipeline has cleared a significant hurdle,” Tameron said Jan. 7. “We expect the report could be the catalyst for some volatility in the WCS-WTI differential, but should have no significant impact on equities.”

Construction and operation of Keystone ...