TRANSCANADA CORP. $55.23

TRANSCANADA CORP. $55.23 (Toronto symbol TRP; Shares outstanding: 702.4 million; Market cap: $38.2 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.transcanada.com) has received the final permits necessary for its $4.8 billion Coastal GasLink pipeline. It would pump natural gas from northeastern B.C. to a proposed liquefied natural gas (LNG) terminal in Kitimat, B.C. From there, tankers would ship the LNG to Asia.

The companies behind the LNG plant will make a final decision by the end of 2016. If they proceed, TransCanada will begin building the pipeline and related facilities in early 2017.

TransCanada is a buy.

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Blue chip stocks are big, well-established, dividend-paying corporations with strong business prospects. These are companies that also have sound management that should be able to make the right moves to keep competing successfully in a changing marketplace.

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Value Stocks

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One of the sweetest and most profitable pleasures of successful investing is to buy high-quality “value stocks” (or stocks that are reasonably priced, if not cheap, in relation to its sales, earnings or assets), then hold on to them as mainstream investors recognize the value and push up the share price.

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