Topic: How To Invest

The Successful Investor Hotline – Friday, August 17, 2018

Article Excerpt

TRANSCANADA CORP., $57.93, Toronto symbol TRP, operates a 91,500-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Other operations include 4,800 kilometers of crude oil pipelines and 12 power plants. The company 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 State Department to conduct a full environmental review of a proposed new route for the pipeline. It’s unclear how long this new 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 $52.6 billion (Canadian) market cap. The new line would pump crude oil from Alberta to refineries on the U.S. Gulf Coast. It was last year when Nebraska regulators approved a revised route for the pipeline in that state. A preliminary…

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