Updates on TransCanada Corp., BCE Inc., and Newmont Mining

Article Excerpt

TRANSCANADA CORP. $54.19 (Toronto symbol TRP; Shares outstanding: 800.3 million; Market cap: $48.4 billion; TSINetwork Rating: Above Average; Dividend yield: 5.1%; www.transcanada.com) has received regulatory approval for its proposed North Montney pipeline. Under the original plan, the new pipeline would have pumped natural gas from northeast B.C. to a new liquefied natural gas (LNG) facility on B.C.’s coast. However, the builders of the LNG plant decided not to proceed with the project. As a result, TransCanada now plans to connect the new North Montney line to its existing pipeline network. The company should begin work on the line later this year and complete the project in mid-2019. TransCanada expects to spend $1.4 billion on the pipeline. The company has signed 20-year shipping contacts with 11 natural gas producers. That helps cut the risk for the investment. TransCanada is still a buy.   BCE INC. $54.17 (Toronto symbol BCE; Shares outstanding: 901.1 million; Market cap: $48.6 billion; TSINetwork Rating: Above Average; Dividend yield: 5.6%; www.bce.ca) is Canada’s largest traditional telephone…