TransCanada Corp

Declining commodity prices directly impact export revenues and affect the top line for Canadian firms operating in the energy sector.

According to the US EIA (Energy Information Administration), US natural gas production averaged 73.6 Bcf/d (billion cubic feet per day) in 2017.

On March 4, Enbridge (ENB) fell 5.9% due to the expected delay in its Line 3 Replacement project.

The Keystone XL Pipeline project is a proposed 1,179-mile pipeline. It begins in Alberta, Canada and extends south to join the existing Keystone Pipeline in Steele City, Nebraska.

TransCanada Corporation (TRP) is based in Canada. It’s one of North America’s leading natural gas pipeline network owners. TransCanada also provides natural gas storage services.

Canadian midstream giant TransCanada (TRP) has risen 11% YTD in 2017. TransCanada’s Canadian peer Enbridge (ENB) has fallen 5% YTD.

Magnetar raised its stake in Williams Companies during the fourth quarter by purchasing 1.5 million shares. It represents 2.59% of the fund’s 4Q14 portfolio.

There’s still uncertainty surrounding TC PipeLines’ (TCP) future. The company slashed its 1Q18 distributions 35%.

Crude stocks at Cushing, Oklahoma increased by 716,000 barrels to 19.6 million barrels (or MMbbls) in the week ending October 10.

TransCanada reported its third-quarter results on November 1. The company reported comparable earnings of 902 million Canadian dollars.

TransCanada Corp. (TRP) is an energy infrastructure company. It owns a network of natural gas and crude pipelines across North America. TransCanada also provides natural gas storage.

Unlike 2015, inventories in 2014 consistently fell before turning upward toward the latter part of the year.

TC PipeLines LP (TCP) is a master limited partnership (or MLP) that owns or has ownership in six interstate natural gas pipelines. TransCanada Corp. (TRP) owns ~28.9% equity interest in TCP.

TransCanada (TRP) reported its fourth-quarter results on February 14. The company reported 32% growth in its comparable earnings.

After years of protests and roadblocks, the US State Department issued a presidential permit authorizing the Keystone XL pipeline in March 2017.

Pipeline projects in the US have attracted a lot of attention in recent years.

The analyst ratings are based on rigorous analysis of fundamentals. Let’s take a look at these ratings and price targets for top energy stocks.

Like most of the pipeline companies, Kinder Morgan (KMI) continues to fight legal and regulatory battles to build its pipelines.

Together, the top ten investors in TC Energy (TRP) bought net 5.9 million TC Energy shares in the first quarter.

Enbridge (ENB) is trading at a forward PE ratio of ~18x—lower than its five-year average PE ratio of ~22x.

Around 74% of the Reuters-surveyed analysts have rated Enbridge as a “buy” or “strong buy,” while the remaining analysts rate it as a “hold.”

Enbridge has paid dividends for more than 64 years. Enbridge has increased its dividends for 24 consecutive years.

On March 29, President Trump issued a new presidential permit for TransCanada’s (TRP) Keystone XL pipeline project.

On March 1, after the markets closed, Enbridge announced that it received a timeline for the permits for its Line 3 Replacement project.

With the halting of permit review for Energy Transfer’s (ET) projects by the Pennsylvania Department of Environmental Protection, pipeline controversies have once again caught midstream investors’ attention.

In the United States, the monthly natural gas production rose from 1.78 trillion cubic feet in January 2009 to 2.43 trillion cubic feet in June 2018.

TransCanada (TRP) and Enbridge (ENB) have fallen 16% and 19%, respectively, year-to-date. Crude oil prices are up ~11% year-to-date.

MLPs had a bad Thursday after the FERC (Federal Energy Regulatory Commission) revised its income tax policy for MLPs.

TransCanada Corporation (TRP) is an energy infrastructure company in North America. Its revenue grew 11% in both 2016 and 9M17.

The First Trust North American Energy Infrastructure Fund (EMLP) generated total returns of 42% over a five-year period, the highest among the top five MLP ETFs that we are discussing in this series.

With the completion of the merger with Spectra Energy in February 2017, Enbridge’s business mix has become more diversified.

TransCanada (TRP) was founded more than 65 years ago, and its operations spread across seven Canadian provinces, 38 US states, and Mexico.

Biggest MLP losers of February 2017 CVR Partners (UAN), the MLP formed by CVR Energy (CVI) to own and operate its nitrogen fertilizer business, was the worst performing MLP last month. The huge decline in UAN’s stock price can be mainly attributed to its weak 4Q16 earnings. UAN’s 4Q16 earnings were negatively impacted by lower […]

Analysts’ average target price for Kinder Morgan (KMI) for the next year is $24.8.

Enbridge’s (ENB) acquisition of Spectra Energy (SE) offers diversification benefits to Enbridge by expanding into SE’s natural gas business.

Flows into investment-grade bond funds were negative for the week ending January 20, with outflows of $442 million—down from $740 million last week.

Investment-grade corporate bonds worth ~$28.8 billion were issued in the week ending January 22—down from ~$62.5 billion the prior week.

In 4Q14, Magnetar Capital increased its position in Alibaba (BABA) by purchasing 1.7 million shares. Currently, the position accounts for 7.6% of the fund’s portfolio.

Magnetar Capital was established in 2005 by Alec Litowitz and Ross Laser. Currently, the hedge fund manages assets in excess of $12 billion.

The decline in Cushing inventory levels in 2014 was mostly a result of new infrastructure coming online, which enabled more crude to move out of Cushing.

While new pipelines helped drain crude oil from Cushing, some new pipelines also brought crude into Cushing and helped refill inventories there.

As new infrastructure came online, inventories at Cushing had been in a declining trend for the better part of 2014.

Crude stocks at Cushing, Oklahoma, decreased by 1.58 MMbbls (million barrels) to 18.9 mmbbls in the week ended October 3. Cushing, Oklahoma is an important hub where West Texas Intermediate (or WTI) crude oil is priced.