Updates on ENCANA CORP., TRANSCANADA CORP. and CANADIAN PACIFIC RAILWAY LTD.

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ENCANA CORP. $33.69 (Toronto symbol ECA; Shares outstanding: 735.3 million; Market cap: $24.9 billion; TSINetwork Rating: Average; Dividend yield: 2.4%; www.encana.com) is paying an undisclosed sum for a 30% stake in a proposed liquefied natural gas (LNG) terminal in Kitimat, B.C. Pipelines will pump gas from big new discoveries in the Horn River area of northeastern B.C. to the Kitimat terminal, which will then convert the gas into a liquid form. From there, tankers will ship the LNG to markets in Asia. Regulators must still approve the project, but exports could start in 2015. Encana is a buy. TRANSCANADA CORP. $39.18 (Toronto symbol TRP; Shares outstanding: 693.0 million; Market cap: $27.3 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.transcanada.com) recently opened the second phase of its four-phase Keystone pipeline project. This part of the pipeline pumps crude oil from the Alberta oil sands to refineries in the U.S. Midwest. The third phase, called Keystone XL, will pump oil from Oklahoma to the U.S….