TRANSCANADA CORP. $47.25 - Toronto symbol TRP

TRANSCANADA CORP. $47.25 (Torontosymbol TRP; Shares outstanding: 705.1 million;Market cap: $33.3 billion; TSINetwork Rating:Above Average; Dividend yield: 3.7%;www.transcanada.com) has formed a 50/50 jointventure with privately held Phoenix EnergyHoldings Ltd., a wholly owned subsidiary ofPetroChina Co. Ltd. (New York symbol PTR).

The partners plan to build a 500-kilometrepipeline that would pump crude oil from Phoenix’soil sands properties in northern Alberta toEdmonton. TransCanada will operate the newpipeline.

TransCanada’s share of the project’s $3.0-billion cost is $1.5 billion. The partners aim tobegin construction in 2014, and the pipelineshould start up 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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Dividend stocks make cash payouts that serve as a way for companies to share the wealth they’ve accumulated. These payouts are drawn from earnings and cash flow and paid to the shareholders of the company. Typically, these dividends are paid quarterly, although they may be paid annually or even monthly as well.

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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