Canada is reportedly in talks with the U.S. on renewable energy and other plans to curb greenhouse gas emissions in an effort by Ottawa to secure White House approval for the Keystone XL oil pipeline, according to the Financial Times.
Canada's minister of natural resources, Greg Rickford, told the Times the two countries were in talks about "alignment" on clean energy, pipeline safety and other issues aimed at overcoming U.S. political and public opposition.
TheStreet Ratings team rates TRANSCANADA CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRANSCANADA CORP (TRP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: