Topic: How To Invest

TRANSCANADA CORP. $44.88 – Toronto symbol TRP

TRANSCANADA CORP. $44.88 (Toronto symbol TRP; Shares outstanding: 704.5 million; Market cap: $31.6 billion; TSINetwork Rating: Above Average; Dividend yield: 3.9%; www.transcanada.com) has won a contract to build and operate a 90-kilometre pipeline that will pump bitumen from the Fort Hills oil sands project to an upgrading facility near Fort McMurray, Alberta.

This new line, called the Northern Courier Pipeline, will cost $660 million.

Regulators still need to approve the project. TransCanada will submit an initial application in late 2012; it hasn’t said when it would begin construction.

TransCanada is a buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.