“Good judgment is usually the result of experience and experience frequently is the result of bad judgment” — Robert Lovell

1. Enbridge, Enterprise plan U.S.-Canada pipelines — Enbridge (ENB) and Enterprise Products Partners (EPD) are planning to build new pipelines that will transport up to 850K barrels of crude oil a day from Canada to refineries along the Gulf Coast by mid-2014.
2. France discussing strategic oil release with UK, U.S — according to Reuter, France is in talks with the United States and Britain on a possible release of strategic oil stocks to push fuel prices lower, four weeks before the country’s presidential election. Such a release could happen “in a matter of weeks”, Le Monde daily stated.
3. EBay Targets India Growth — eBay (EBAY) is targeting growth in India, investing more money and fine-tuning its strategy there as it tries to steer Indian customers away from low-margin electronic goods to higher-margin purchases like clothes and shoes. The stakes are huge, with India’s online shopping market expected to hit $70B by 2020 from just $600M currently.
4. Facebook plans IPO for May — Facebook (FB) intends to hold its IPO in May, The Wall Street Journal reports, with the company planning to release another amended S-1 prior to its offering after filing.
4. Euro-zone boosts anti-contagion firewall — Euro-zone finance ministers agreed to temporarily boost the lending capacity of the region’s rescue funds to 700 billion euros ($934 billion) from €500 billion in an effort to convince markets they can contain the region’s long-running sovereign debt crisis.

The week ahead — Economic data from Econoday.com: