transcanada
Toronto symbol TRP, operates pipelines that transport natural gas, mainly from Alberta to markets in central and eastern Canada. TransCanada owns or holds interests in over 20 power plants in Canada and the United States.
TRANSCANADA CORP. $46.71 (Toronto symbol TRP; Shares outstanding: 707.0 million; Market cap: $33.4 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.transcanada.com) now estimates that it will cost $5.4 billion U.S. to build the Keystone XL pipeline, which would pump crude from the Alberta oil sands to refineries on the U.S. Gulf Coast. That’s up from $5.3 billion U.S.
TransCanada hopes the U.S. government will approve Keystone XL in early 2014. If so, it could start up in 2016.
If the company has to cancel Keystone XL, it will probably have to write off the $2.0 billion U.S. that it has already invested in it. That’s equal to about 50% of the company’s annual cash flow, but it’s still a manageable amount.
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TransCanada hopes the U.S. government will approve Keystone XL in early 2014. If so, it could start up in 2016.
If the company has to cancel Keystone XL, it will probably have to write off the $2.0 billion U.S. that it has already invested in it. That’s equal to about 50% of the company’s annual cash flow, but it’s still a manageable amount.
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SAPUTO INC. $47 (Toronto symbol SAP; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 194.3 million; Market cap: $9.1 billion; Price-to-sales ratio: 1.1; Dividend yield: 1.8%; TSINetwork Rating: Average; www.saputo.com) recently agreed to a friendly takeover of Warrnambool Cheese and Butter Factory, one of Australia’s largest producers of milk, cheese, butter and other dairy products....
TRANSCANADA CORP. $46.71 (Toronto symbol TRP; Shares outstanding: 707.0 million; Market cap: $33.4 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.transcanada.com) now estimates that it will cost $5.4 billion U.S. to build the Keystone XL pipeline, which would pump crude from the Alberta oil sands to refineries on the U.S....
Exchange traded funds (ETFs) are set up to mirror the performance of a stock-market index or subindex. They hold a more or less fixed selection of securities that represent the holdings that go into the calculation of the index or sub-index.
ETFs trade on stock exchanges, just like stocks....
ETFs trade on stock exchanges, just like stocks....
TRANSCANADA CORP. $47.15 (Toronto symbol TRP; Shares outstanding: 707.0 million; Market cap: $33.0 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.transcanada.com) has completed the purchase of two more Ontario solar power facilities from Canadian Solar (Nasdaq symbol CSIQ) for $470 million.
TransCanada now owns three of the nine solar farms it agreed to buy from Canadian Solar in December 2011. It expects to take possession of the remaining six by the end of 2014.
The company has 20-year deals to sell the power from these nine solar farms, which cuts the risk of this investment.
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TransCanada now owns three of the nine solar farms it agreed to buy from Canadian Solar in December 2011. It expects to take possession of the remaining six by the end of 2014.
The company has 20-year deals to sell the power from these nine solar farms, which cuts the risk of this investment.
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MANITOBA TELECOM SERVICES INC., $29.00, Toronto symbol MBT, recently agreed to sell its Allstream subsidiary to a private company controlled by an Egyptian billionaire. Allstream provides integrated telephone, Internet and other communication services to over 50,000 businesses across Canada, as well as government agencies. Manitoba Telecom planned to contribute $130 million of the $405 million it would have received from the sale to its underfunded employees’ pension fund. However, Ottawa blocked the deal on national security grounds....
TRANSCANADA CORP. $47.15 (Toronto symbol TRP; Shares outstanding: 707.0 million; Market cap: $33.0 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.transcanada.com) has completed the purchase of two more Ontario solar power facilities from Canadian Solar (Nasdaq symbol CSIQ) for $470 million.
TransCanada now owns three of the nine solar farms it agreed to buy from Canadian Solar in December 2011....
TransCanada now owns three of the nine solar farms it agreed to buy from Canadian Solar in December 2011....
TRANSCANADA CORP. $44 (Toronto symbol TRP; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 707.1 million; Market cap: $31.1 billion; Price-to-sales ratio: 3.5; Dividend yield: 4.2%; TSINetwork Rating: Above Average; www.transcanada.com) expects to complete the southern portion of its Keystone XL pipeline by the end of 2013. This $2.3-billion U.S. project will pump crude oil from terminals in Cushing, Oklahoma, to refineries on the U.S. Gulf Coast. Demand for this pipeline from oil shippers is strong, because rising shale oil production in North Dakota has increased inventories at Cushing and hurt crude prices.
The company still hopes to win approval for Keystone XL’s northern portion, which would pump oil from Alberta to the Gulf Coast. The U.S. government will probably announce its decision in 2014.
TransCanada is a buy....
The company still hopes to win approval for Keystone XL’s northern portion, which would pump oil from Alberta to the Gulf Coast. The U.S. government will probably announce its decision in 2014.
TransCanada is a buy....
Macro Enterprises, $6.42, symbol MCR on Toronto (Shares outstanding: 29.1 million; Market cap: $185.7 million; www.macroenterprises.ca), is a Calgary-based company that builds and maintains pipelines and other facilities. Its clients include Enbridge, Talisman, TransCanada, Cenovus, Nexen, Spectra, AltaGas and Pembina. In the three months ended June 30, 2013, Macro’s revenue rose 34.1%, to $37.3 million from $27.8 million a year earlier. Earnings per share rose sharply, to $0.21 from $0.11. The company holds cash of $9.4 million, or $0.32 a share. Its $14.2 million of debt is a low 7.6% of its $185.7-million market cap....