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TransCanada Corporation (TRP)

- NYSE
  • Sep. 18, 2014, 2:27 PM
    • TransCanada (TRP +2.3%) spikes on a Reuters report that it is emerging as a possible M&A target, with several U.S. activist hedge funds reviewing the pipeline operator as a break-up candidate.
    • Discussions about a potential campaign are in the early stages, but some of TRP's largest shareholders are said to have been contacted by hedge funds interested in a shake-up.
    • The actions also have sparked discussion by TRP's board about its strategic direction, according to the report.
    | 2 Comments
  • Jun. 17, 2013, 10:59 AM
    A 50% cut in Petrominerales' (PMGLF.PK) market value has left its equity and net debt valued at the cheapest multiple to profit among any oil and gas explorer in the world with a market value higher than $250M, according to Bloomberg, which speculates its reserves, estimated at 40M-plus barrels of mostly high-quality light oil, could attract suitors such as Enbridge (ENB), TransCanada (TRP) or Pacific Rubiales (PEGFF.PK).
    | 3 Comments
  • Nov. 20, 2012, 5:02 PM
    TransCanada (TRP) agrees to acquire BP's 40% interest in the assets of the Crossfield Gas Storage facility in Alberta for $210M. The deal adds 27B cubic feet of natural gas storage capacity to TRP's existing portfolio in Alberta.
    | 2 Comments
TRP vs. ETF Alternatives
Company Description
TransCanada Corporation is an energy company. The Company operates in three business segments: Natural Gas Pipelines, Oil Pipelines and Energy.
Sector: Utilities
Industry: Gas Utilities
Country: Canada