Updating TransCanada Corp., Imperial Oil Ltd., and IBM

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TRANSCANADA CORP. $56.33 (Toronto symbol TRP; Shares outstanding: 883.0 million; Market cap: $51.1 billion; TSINetwork Rating: Above Average; Dividend yield: 4.9%; www.transcanada.com) has yet to confirm whether it will move ahead with its $8.3 billion U.S. Keystone XL pipeline. However, a federal judge has now ordered the U.S. State Department to conduct a full environmental review of a proposed new route for the pipeline. It’s unclear how long this review would delay the project if TransCanada decides to go ahead. The company has in the past suggested it could begin construction as early as mid-2019. The $8.3 billion price tag for the project equals roughly 20% of TransCanada’s $51.1 billion market cap. The new line would pump crude oil from Alberta to refineries on the U.S. Gulf Coast. Last year, Nebraska State regulators approved a revised route for Keystone XL across that state. A preliminary assessment by the U.S. State Department also said Keystone XL would cause no major harm to water supplies or wildlife. TransCanada…