TRP

TransCanada Corporation

Energy


Presented:10/01/2014
Price:CA$56.86
Cap:$32.20B
Current Price:CA$46.80
Cap:$38.81B

Presented

Date10/01/2014
PriceCA$56.86
Market Cap$32.20B
Ent Value$55.33B
P/E Ratio22.43x
Book ValueCA$18.97
Div Yield3.8%
Shares O/S708.00M
Ave Daily Vol1,660,000
Short IntN/A

Current

PriceCA$46.80
Market Cap$38.81B
TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The Natural Gas Pipelines segment owns and operates natural gas pipelines and regulated natural gas storage facilities. The Oil Pipelines segment owns and operates Keystone crude oil pipeline system comprising 4,247 kilometers transporting crude oil from Hardisty, Alberta to Wood River and Patoka in Illinois; to Cushing in Oklahoma; and to the U.S. Gulf Coast refining market. The Energy segment owns and operates electrical power generation plants and non-regulated natural gas storage facilities. As of February 21, 2014, the company operated through a network of approximately 68,500 kilometers of natural gas pipelines; and 400 billion cubic feet of gas storage capacity, as well as owned or had interests in approximately 11,800 megawatts of power generation in Canada and the United States. TransCanada Corporation was founded in 1951 and is headquartered in Calgary, Canada.

Publicly traded companies mentioned herein: TransCanada Corp (TRP), TC PipeLines LP (TCP)

Highlights

The presenter is long shares of TransCanada (TR), the largest private sector power generator in Canada, third largest natural gas storage operator, and natural gas and liquids pipeline operator. He began his presentation by quoting TransCanada’s (TRP) just released (10/1/14) announcement of the advancement of its MLP drop down strategy, “TRP has entered into an agreement to sell its remaining 30% interest in Bison Pipeline to its master limited partnership, TC PipeLines for $215 million…TCP remains wholly-committed to enhancing shareholder value including the continuous evaluation of its approach to capital allocation,” and said he believes shares have the potential to double from present levels (CAD 57/ $50) over the next two to three years if fairly reasonable expectations are met.

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