Another line for TransCanada

Article Excerpt

TRANSCANADA CORP. $30.15 (Toronto symbol TRP; Shares outstanding: 618.6 million; Market cap: $18.7 billion; SI Rating: Above Average) has signed deals with several natural-gas shippers for its proposed $340-million Horn River pipeline. This new pipeline will run from northeastern British Columbia to TransCanada’s main pipeline system in Alberta. Horn River is scheduled to begin operating in mid-2011. This pipeline will produce steady cash flow for TransCanada for years to come. TransCanada is still a safety-conscious buy. buy…

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