News on TransCanada (Ticker: TRP) continually updated from thousands of sources around the net.
Authorities in southwestern Michigan say operators of a natural gas pipeline have stopped a leak, clearing the way for evacuated residents to return home. Police in Berrien County's Benton Township say the TransCanada Corp. natural gas line began leaking about 2 a.m. Tuesday, leading to the evacuations.
TransCanada president and CEO Russ Girling speask during a year-end interview at the company's head quarters in Calgary, Alta., Tuesday, Dec. 17, 2013. TransCanada president and CEO Russ Girling speask during a year-end interview at the company's head quarters in Calgary, Alta., Tuesday, Dec. 17, 2013.
The gas leak in Benton Township is isolated, according to Police Chief Vince Fetke. He and other public safety officials are awaiting word from TransCanada to when evacuated residents can return to their homes.
While the company has a consistent history of dividend growth, the current yield is well below its historical average and future dividend growth potential seems modest. TransCanada shares are trading at a significantly elevated forward P/E ratio that discounts the possibility of further political and regulatory problems.
TransCanada opened at 59.48 on Monday. TransCanada has a one year low of $43.94 and a one year high of $61.23.
A number of other firms have also recently commented on TRP. Analysts at RBC Capital raised their price target on shares of TransCanada from C$57.00 to C$61.00 in a research note on Friday, August 1st.
The company building the controversial Keystone XL pipeline is asking South Dakota to reissue its expired certification to run the pipeline through the state. TransCanada Corp. had originally obtained a permit in June 2010, but missed the deadline to begin building it within four years.
Inside the Market's roundup of some of today's key analyst actions. This file will be updated during the trading day.
The Gogebic County Sheriff's Department has received a $4,000 grant from the pipeline that cuts through the county. Sheriff Peter Matonich said the money from TransCanada Corporation has been used to purchase a trailer for transportation of the department's varied equipment for both emergencies and patrol work.
Walker said Alaska isn't in the "driver's seat," and is letting companies with projects around the world determine if this one advances. Walker, who is challenging Republican Gov. Sean Parnell, said he would want to look at what's been done so far and if it makes sense for the state to pull out, it will.
B2Gold Corp. . Miner. Down six cents, or 2.47 per cent, to $2.37 on 4.6 million shares.
The Canada-based developer of the Keystone XL pipeline has paid $474,000 to secure easements for the pipeline through state-owned school land. The land is a part of a trust to make money for the state's public schools.
Canada's ambassador to the United States says Alberta premier-elect Jim Prentice carries a lot of clout in Washington, where a parade of top federal and provincial officials have stumped in recent years for the long-stalled Keystone XL pipeline. Doer said Prentice brings some green credibility to the file.
Updated: Wed Sep 17, 2014 07:45 am
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