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.
Natural gas prices recently dropped below $2 U.S. per million British thermal units (BTUs), a 10-year low. Prices have since moved up somewhat, to $2.87. Shale gas discoveries continue to increase supply. At the same time, demand is slowing due to the weak global economy. Shale gas is trapped in rock formations. To extract it, producers pump water and chemicals into the rock. This fractures the rock and releases the natural gas. Gas production is also growing as a by-product of drilling for more profitable crude oil and natural gas liquids, such as propane and butane....
TRANSCANADA CORP. $43 (Toronto symbol TRP; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 704.0 million; Market cap: $30.3 billion; Price-to-sales ratio: 3.5; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.transcanada.com) is now building its Keystone XL pipeline in sections. In January 2012, the U.S. government rejected the full project, which aims to pump crude oil from Alberta to refineries on the U.S. Gulf Coast. The company will soon start work on the southern section, from Oklahoma to Texas. It has now changed its path for the northern section and reapplied for the necessary permit. TransCanada is a buy.
ISHARES S&P/TSX 60 INDEX FUND $16.65 (Toronto symbol XIU; buy or sell through brokers; ca.ishares.com) is a good, low-fee way to buy the top stocks on the TSX. The units are made up of stocks that represent the S&P/TSX 60 Index, which consists of the 60 largest, most heavily traded stocks on the exchange. Expenses are just 0.17% of assets.
The index mostly consists of high-quality companies. However, as the fund must ensure that all sectors are represented, it holds a few stocks we wouldn’t include.
The index’s top holdings are Royal Bank, 7.2%; TD Bank, 7.0%; Bank of Nova Scotia, 5.9%; Barrick Gold, 4.4%; Suncor Energy, 4.3%; CN Railway, 3.7%; Bank of Montreal, 3.5%; Potash Corp., 3.4%; Goldcorp, 3.3%; BCE Inc., 3.2%; Canadian Natural Resources, 3.2%; Enbridge, 3.1%; TransCanada Corp., 3.0%; CIBC, 2.8%; Cenovus Energy, 2.3%; and Telus Corp., 1.9%.
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The index mostly consists of high-quality companies. However, as the fund must ensure that all sectors are represented, it holds a few stocks we wouldn’t include.
The index’s top holdings are Royal Bank, 7.2%; TD Bank, 7.0%; Bank of Nova Scotia, 5.9%; Barrick Gold, 4.4%; Suncor Energy, 4.3%; CN Railway, 3.7%; Bank of Montreal, 3.5%; Potash Corp., 3.4%; Goldcorp, 3.3%; BCE Inc., 3.2%; Canadian Natural Resources, 3.2%; Enbridge, 3.1%; TransCanada Corp., 3.0%; CIBC, 2.8%; Cenovus Energy, 2.3%; and Telus Corp., 1.9%.
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TRANSCANADA CORP. $42.76 (Toronto symbol TRP; Shares outstanding: 704.2 million; Market cap: $30.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.transcanada.com) has won a contract to build and operate a $4-billion, 700-kilometre pipeline for Shell Canada and its partners Korea Gas, Mitsubishi and PetroChina.
The pipeline will pump natural gas from the Montney region of eastern B.C. to a proposed liquefied natural gas facility at the port of Kitimat, B.C. From there, tanker ships will transport the liquefied gas to customers in Asia.
TransCanada aims to begin operating the new line by 2020.
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The pipeline will pump natural gas from the Montney region of eastern B.C. to a proposed liquefied natural gas facility at the port of Kitimat, B.C. From there, tanker ships will transport the liquefied gas to customers in Asia.
TransCanada aims to begin operating the new line by 2020.
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MART RESOURCES, $1.36, symbol MMT on Toronto, jumped over 28% this week after the company declared a special dividend of $0.10 a share, payable on August 8, 2012. Mart will then begin paying quarterly dividends of $0.05 a share starting in September 2012. The stock is now up 288.6% since we first recommended it in our May 2010 issue at $0.35. Mart is focused on developing, producing and drilling for oil at its properties in Africa. The company is currently producing oil at its 50%-held Umusadege field in Nigeria....
CANADIAN PACIFIC RAILWAY LTD., $73.54, Toronto symbol CP, has resumed normal operations now that Ottawa has ended an eight-day strike by its locomotive engineers, conductors and yard workers. The strike probably cut CP’s earnings per share by around $0.20 in the second quarter of 2012. The company earned $0.82 a share in the first quarter. At CP’s recent annual meeting, U.S.-based activist investment firm Pershing Square Capital Management, which owns 14.2% of the company, succeeded in replacing seven of CP’s 16 directors with its own nominees....
TRANSCANADA CORP. $42.76 (Toronto symbol TRP; Shares outstanding: 704.2 million; Market cap: $30.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.transcanada.com) has won a contract to build and operate a $4-billion, 700-kilometre pipeline for Shell Canada and its partners Korea Gas, Mitsubishi and PetroChina. The pipeline will pump natural gas from the Montney region of eastern B.C. to a proposed liquefied natural gas facility at the port of Kitimat, B.C. From there, tanker ships will transport the liquefied gas to customers in Asia. TransCanada aims to begin operating the new line by 2020....
Most stock markets are down lately due to investor worries about a potential eurozone breakup, sluggish U.S. growth and a slowdown in China. Still, the long-term outlook is positive. One way to profit from a rebound is to add exchange traded funds (ETFs) that track major stock market indexes to your portfolio. ETFs trade on stock exchanges, just like stocks. Prices are quoted in newspaper stock tables and online. You must pay brokerage commissions to buy and sell ETFs, but their low management fees still give them a cost advantage over most mutual funds....
TRANSCANADA CORP. $43.44 (Toronto symbol TRP; Shares outstanding: 704.2 million; Market cap: $30.6 billion; TSINetwork Rating: Above Average; Dividend yield: 4.1%; www.transcanada.com) gets 9% of its revenue from its minority stake in the Bruce nuclear power complex in central Ontario.
Two of the plant’s eight reactors have been out of service since 1995, and the company and its partners are nearly finished upgrading them. The partners plan to restart both by September 30, 2012. The plant will then supply 25% of Ontario’s power. Right now, Bruce’s six operating reactors provide 19% of the province’s electricity.
TransCanada is a buy.
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Two of the plant’s eight reactors have been out of service since 1995, and the company and its partners are nearly finished upgrading them. The partners plan to restart both by September 30, 2012. The plant will then supply 25% of Ontario’s power. Right now, Bruce’s six operating reactors provide 19% of the province’s electricity.
TransCanada is a buy.
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TRANSCANADA CORP. $43 (Toronto symbol TRP; Conservative Growth Portfolio, Utilities sector; Shares outstanding: 704.0 million; Market cap: $30.3 billion; Price-to-sales ratio: 3.3; Dividend yield: 4.1%; TSINetwork Rating: Above Average; www.transcanada.com) has settled on a new route for its proposed Keystone XL pipeline that would avoid environmentally sensitive areas in Nebraska. When the pipeline is finished, it will pump crude oil from Alberta’s oil sands to refineries on the U.S. Gulf Coast.
The U.S. government initially refused to approve the project, but TransCanada feels this new route will help it win the necessary permits. The company aims to begin building the pipeline in early 2013. It could begin operating by the end of 2014.
TransCanada is a buy.
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The U.S. government initially refused to approve the project, but TransCanada feels this new route will help it win the necessary permits. The company aims to begin building the pipeline in early 2013. It could begin operating by the end of 2014.
TransCanada is a buy.
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