The Successful Investor Hotline – Friday, January 08, 2016

Article Excerpt

In next week’s Successful Investor Hotline, we’ll reveal our top stock picks for 2016. Don’t miss this unique opportunity to profit. TRANSCANADA CORP., $43.47, Toronto symbol TRP, has launched two legal challenges to the U.S. government’s recent decision to block its proposed Keystone XL pipeline, which would have pumped crude oil from Alberta to the U.S. Gulf Coast. The company spent $4.3 billion on Keystone XL and now expects to write off between $2.5 billion and $2.9 billion of this total. To put these figures in context, TransCanada’s market cap (or the value of all outstanding shares) is $30.8 billion. TransCanada plans to appeal the ruling under the North American Free Trade Agreement and will ask for $15 billion U.S. in damages. In a separate case, it will challenge the U.S. president’s authority to deny a construction permit. These trials will take several years to settle, and there’s no guarantee TransCanada will win. Even so, by 2020, the company plans to complete $46 billion…