Topic: How To Invest

The Successful Investor Hotline – Friday, June 22, 2018

Article Excerpt

TRANSCANADA CORP., $57.68, Toronto symbol TRP, announced this week that it will expand capacity for its NGTL pipeline system, which pumps natural gas from Alberta and B.C. to eastern Canada and the U.S. TransCanada has now secured enough commitments from natural gas producers to make this project viable. Those contracts, which come into effect November 2021, have an average term of 22 years. This expansion will cost $140 million. To put that in context, the company earned $870 million, or $0.98 a share, in the first quarter of 2018. OUR RECOMMENDATION: TransCanada is our #1 Income Buy for 2018. TransCanada recent coverage June 2018 issue Hotline for May 25, 2018 ENBRIDGE INC., $42.15, Toronto symbol ENB, operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to consumers in Ontario, Quebec, New Brunswick and New York State. The company wants to replace its 1,660-kilometre Line 3 pipeline, which pumps crude oil from Alberta to Wisconsin…

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