Seeking Alpha

TransCanada edges lower, Canada won't go with NAFTA challenge on Keystone

TransCanada (TRP -0.4%) ticks lower even after reporting strong gains for adjusted Q1 earnings, cash flow and revenue as harsh winter weather conditions helped pipeline demand.

TRP attributes the gains to higher earnings from its NGTL System, Keystone, Bruce Power, U.S. power, and natural gas storage operations.

TRP says it expects to place ~C$3.6B of assets into service this year, including its recently completed 485-mile extension of its Keystone pipeline system from Cushing, Okla., to the U.S. Gulf coast.

Meanwhile, Natural Resources Minister Greg Rickford says Canada is not considering a NAFTA challenge after the U.S. delayed its decision on approving Keystone XL (earlier).

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Comments (2)
  • rvshaw
    , contributor
    Comments (111) | Send Message
    That's too bad. I'd be rooting for the Canadians.
    2 May 2014, 01:50 PM Reply Like
  • marpy
    , contributor
    Comments (1376) | Send Message
    Not going with Nafta Challenge yet but they could change their minds anytime. Its called Punting - they learned it from Obama. ;-)
    2 May 2014, 03:44 PM Reply Like
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