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 (1285) | 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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