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Keystone Pipeline Could Begin Construction in Q1 2013

Quanta Services announced the most profitable quarter ever this year after being chosen to construct the Keystone pipeline.

The controversial project, however, is at a standstill waiting for permit approval with three Nebraska landowners on Wednesday challenging a state law aimed at speeding up the approval process.

Nonetheless, in a live interview on CNBC’s Fast Money Quanta Services CEO and president Jim O’Neil tells us he thinks the pipeline will get approved in the first quarter of next year and move to construction quickly thereafter.

Get all the details. Watch the video now.

* You can find our conversation with Jim O’Neil about 4 minutes into this video clip.

* MOST POPULAR:"Marc Faber: 100% Chance of Global Recession"Our Marc Faber article was the most viewed Fast Money post during the entire month of May. You didn't miss it, did you?





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Trader disclosure: On May 29, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long SBUX; Joe Terranova is long SJM; Joe Terranova is long UPL; Joe Terranova is long WFM; Joe Terranova is long AAPL; Joe Terranova is long NXPI; Joe Terranova is long LPX; Joe Terranova is long SNDK; Joe Terranova is long CNX; Joe Terranova is long LQD; Karen Finerman is long AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long NFLX PUT SPREAD; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long RIMM CALLS; Karen Finerman is long HPQ; Karen Finerman is long DGIT; Karen Finerman is short MDY; Karen Finerman is short IWM; Karen Finerman is short SPY; Tim Seymour is long AAPL; Tim Seymour is long BAC; Tim Seymour is long INTC; Brian Kelly is long AAPL; Brian Kelly is long WFC; Brian Kelly is long GLD; Brian Kelly is long XLU; Brian Kelly is long INTC; Brian Kelly is long PEP; Brian Kelly is long USG; Brian Kelly is long XHB; Brian Kelly is long USD; Brian Kelly is long CHF; Brian Kelly is short Swiss Franc; Stephen Weiss is short JCP; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long BAC CALL SPREADS; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long INTC CALL SPREADS; Jon Najarian is long IBM CALL SPREADS; Jon Najarian is long CIEN CALL SPREADS; Jon Najarian is long LM CALL SPREADS; Jon Najarian is long DDMG;Jon Najarian is long CIGX; Jon Najarian is long CBOE; Jon Najarian is long CME

For Mike Harris
Campbell is short the MEFF IBEX futures contract
Campbell is short the EUR/USD

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