Topic: How To Invest

The Successful Investor Hotline – Friday, March 24, 2017

Article Excerpt

Dear client, TRANSCANADA CORP., $61.82, symbol TRP on Toronto, operates a 90,300-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. The company also operates oil pipelines, and has a stake in 20 power plants across Alberta, Ontario, Quebec and the U.S. Northeast. TransCanada announced this week that it has secured the necessary commitments from shippers to proceed with its North Montney Mainline pipeline. This 301-kilometre line would pump natural gas from northeastern B.C. to a proposed liquefied natural gas (LNG) facility near Prince Rupert, B.C. From there, tankers would ship the LNG to markets in Asia. The new pipeline will cost $1.4 billion. That’s equal to 3% of the company’s $54.0 billion market cap (the total value of all outstanding shares). TransCanada must still wait for the companies building the LNG facility to make a final decision. If they go ahead with the project, its new pipeline could begin operating in April 2019. OUR RECOMMENDATION: TransCanada is our top…