This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

TransCanada Registers More Success

TransCanada Registers More Success

TransCanada's (TSX:TRP,NYSE:TRP) announcement that it has been chosen to build a $5-billion pipeline that will connect expanding volumes of British Columbian shale gas to Canada's West Coast has once again given investors a reason to be optimistic.

Many feel the announcement is good news not only for the company, but also for the entire natural gas sector. That's because the new pipeline may finally allow the region to compete with established liquefied natural gas (LNG) export areas such as Australia and the Middle East; it will also help domestic producers take advantage of strong gas prices in Asian markets instead of being restricted to the currently depressed levels being recorded in North America.

 “Pretty darn exciting”

"I think what we've determined in North America is that we have more resources than we're going to need for our own consumption and the focus therefore has turned to export markets," said TransCanada CEO Russ Girling in an interview with CTV. "Western Canada has one of the largest and best deposits of shale gas in North America and it has a great opportunity to capture a significant share of the growth in the global LNG market by putting these kinds of projects together."

The trend, he said, is "pretty darn exciting" for BC and Canada.

The proposed pipeline is set to transport natural gas primarily from the North Montney gas-producing region near Fort St. John, BC to the recently announced Pacific Northwest LNG export facility in Port Edward near Prince Rupert, BC, according to a TransCanada press release.

When completed, the Prince Rupert Gas Transmission project will deliver 2 billion cubic feet (Bcf) of gas per day; this capacity is expandable to up to 3.6 Bcf of gas per day. Pipeline construction is expected to last three years, and taking into account the time needed to gain necessary environmental approvals, TransCanada estimates the project will be up and running in late 2018.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs