TransCanada Corp

Most Recent

  • uploads///analyst ratings for energy stocks
    Energy & Utilities

    Will Energy Pipeline Stocks Meet Analysts’ Ratings?

    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.

    By Rekha Khandelwal, CFA
  • uploads///Oil and gas pipeline
    Company & Industry Overviews

    Kinder Morgan and Enbridge: Update on Pipeline Projects

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

    By Rekha Khandelwal, CFA
  • uploads///analysts recom
    Miscellaneous

    Enbridge and TC Energy: Which Stock Do Analysts Recommend?

    Around 92% of the analysts surveyed by Reuters covering Enbridge (ENB) rated it as a “buy” or a “strong buy.”

    By Rekha Khandelwal, CFA
  • uploads///institutional investors
    Company & Industry Overviews

    Institutional Activity in TC Energy and Enbridge

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

    By Rekha Khandelwal, CFA
  • uploads///forward dividend yield
    Company & Industry Overviews

    Enbridge is Trading at a Higher Yield than TC Energy

    Enbridge (ENB) stock is trading at a yield of ~5.9%, which is ~120 basis points higher than TC Energy’s (TRP) yield.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Why Enbridge Stock Has Underperformed TC Energy in 2019?

    Enbridge (ENB) has risen ~21% in 2019. Enbridge had underperformed TC Energy (TRP), which has risen 38% year-to-date.

    By Rekha Khandelwal, CFA
  • uploads///enbs forward pe
    Earnings Report

    Enbridge’s Valuation Compared to Peers

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

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    Enbridge: 74% of the Analysts Recommend a ‘Buy’

    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.”

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Enbridge: Why Income Investors Are Attracted to the Stock

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

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Trump Supports TransCanada’s Keystone XL Pipeline Again

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

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    TC PipeLines: Short Interest and Analysts’ Recommendations

    On March 19, Wells Fargo upgraded TC PipeLines from “market perform” to “outperform.” Wells Fargo has given TC PipeLines a target price of $38.

    By Rekha Khandelwal, CFA
  • uploads///stock market pic
    Company & Industry Overviews

    Enbridge Stock Fell 5.9% Due to Pipeline Delay, Downgrades

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

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Enbridge’s Line 3 Replacement Project Gets Delayed

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

    By Rekha Khandelwal, CFA
  • uploads///TRP has fallen
    Company & Industry Overviews

    A Decade of TransCanada’s Keystone XL Project

    Pipeline construction delays, though common, have been particularly extended for some projects.

    By Rekha Khandelwal, CFA
  • uploads///ET has fallen
    Company & Industry Overviews

    What’s Ahead for Energy Transfer’s Mariner East 2 Project?

    Energy Transfer’s (ET) Mariner East system transports Marcellus and Utica NGLs (natural gas liquids) to Pennsylvania, where they are processed and transported to markets.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Pipeline Controversies: Updates on Top Projects

    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.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Earnings Report

    TransCanada Reported Strong Q4 Results, Raised Dividends 8.7%

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

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    Enbridge and TransCanada’s Target Price Updates

    Enbridge reported its third-quarter results on November 2. On November 5, GMP raised its target price for Enbridge.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Enbridge and TransCanada Have Fallen 20% in 2018

    So far, Canadian midstream giants TransCanada (TRP) and Enbridge (ENB) have each fallen ~20% in 2018.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Earnings Report

    Growth Projects Drove TransCanada’s Strong Q3 Results

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

    By Rekha Khandelwal, CFA
  • uploads///natural gas price
    Energy & Utilities

    Natural Gas Demand-Supply Trends Impact Midstream Companies

    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.

    By Rekha Khandelwal, CFA
  • uploads///analyst recom
    Energy & Utilities

    Enbridge and TransCanada Saw Higher Target Prices

    On August 6, RBC raised its target price for Enbridge (ENB) from 54 Canadian dollars to 59 Canadian dollars.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    Enbridge Stock Rose 4.5% following Its Pipeline Approval

    Enbridge stock closed 4.5% higher on June 28 after the Minnesota Public Utilities Commission approved its Line 3 Replacement project.

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Company & Industry Overviews

    TRP, ENB: Canadian Midstream Companies Are in the Red in 2018

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

    By Rekha Khandelwal, CFA
  • uploads///featured image
    Earnings Report

    TC PipeLines: Uncertainty Rules the Roost

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

    By Rekha Khandelwal, CFA
  • uploads///short int
    Company & Industry Overviews

    Short Interest in Enbridge Rose Marginally

    The number of Enbridge (ENB) shares shorted rose from ~26.5 million on March 30, 2018, to ~26.6 million on April 13, a rise of ~0.5%.

    By Rekha Khandelwal, CFA
  • uploads///natural gas price
    Miscellaneous

    What Does Rising Natural Gas Production Mean for Energy MLPs?

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

    By Rekha Khandelwal, CFA
  • uploads///stock _
    Energy & Utilities

    Why TCP, EEP, and SEP Fell after FERC Tax Ruling

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

    By Kurt Gallon
  • uploads///rev eps trp
    Miscellaneous

    TRP’s Dividends: Key Drivers

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

    By Amanda Lawrence
  • uploads///analysts are bullish on TRP ENB
    Energy & Utilities

    87% of Wall Street Analysts Rate TransCanada a ‘Buy’

    Of the analysts surveyed by Reuters, ~87% rated TransCanada (TRP) a “buy” and 13% rated it a “hold.” None of the surveyed analysts rated TRP a “sell.”

    By Rekha Khandelwal, CFA
  • uploads///adjusted ebit
    Company & Industry Overviews

    TransCanada, Enbridge: Capital Projects Should Drive Growth

    TransCanada’s (TRP) Leach XPress project was placed in service on January 1. On January 2, the company announced that the FERC (Federal Energy Regulatory Commission) had issued a “public convenience and necessity” certificate…

    By Rekha Khandelwal, CFA
  • uploads///performance comparison top mlp etfs
    Energy & Utilities

    EMLP Generated the Highest Total Returns among the Top MLP ETFs

    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.

    By Rekha Khandelwal, CFA
  • uploads///trp analyst recom
    Energy & Utilities

    Why Wall Street Analysts Are Bullish on TransCanada

    TransCanada (TRP) has risen nearly 10.0% so far in 2017. It has outperformed Targa Resources (TRGP), ONEOK (OKE), and Enbridge (ENB) year-to-date.

    By Rekha Khandelwal, CFA
  • uploads///keystone pipeline routes
    Company & Industry Overviews

    What Nebraska’s Approval for Keystone XL Means for TransCanada

    On November 20, the Nebraska Public Service Commission approved TransCanada’s (TRP) Keystone XL Pipeline project. The pipeline would transport oil from Alberta’s oil sands reserves to Nebraska.

    By Rekha Khandelwal, CFA
  • uploads///TCP
    Earnings Report

    TC PipeLines Reports Flat Earnings in 3Q17

    Earnings in 3Q17 TC PipeLines (TCP), TransCanada’s (TRP) midstream MLP subsidiary, posted flat earnings in 3Q17. The partnership reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $103 million, which represents a marginal 1.0% rise from 3Q16. Moreover, the partnership missed its EBITDA estimate by 7.5%. The slight increase in its adjusted EBITDA was […]

    By Kurt Gallon
  • uploads///trps enbs earnings by segment
    Company & Industry Overviews

    Enbridge and TransCanada’s Business Segments

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

    By Rekha Khandelwal, CFA
  • uploads///trp outperformed peers ytd
    Company & Industry Overviews

    TransCanada Has Risen 11% in 2017 in a Weaker Energy Sector

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

    By Rekha Khandelwal, CFA
  • uploads///keystone xl pipeline project
    Company & Industry Overviews

    What Conflict Lies ahead for TransCanada’s Keystone XL Pipeline Project?

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

    By Rekha Khandelwal, CFA
  • uploads///a part of dapl path
    Company & Industry Overviews

    Behind the Opposition to ETP’s Dakota Access Pipeline

    On August 15, North Dakota regulators granted ETP’s request to postpone hearings on its alleged violation of state rules with its Dakota Access Pipeline.

    By Rekha Khandelwal, CFA
  • uploads///liquids pipelines network
    Company & Industry Overviews

    Controversy in the Pipelines of KMI, ETP, TRP, ENB

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

    By Rekha Khandelwal, CFA
  • uploads///val
    Company & Industry Overviews

    Is Williams Companies a ‘Buy’ at Current Price Levels?

    Williams Companies’ forward EV-to-EBITDA multiple was 11.7x as of July 18, 2017—below the historical five-year average of 13.2x.

    By Kurt Gallon
  • uploads///transcanadas asset map
    Company & Industry Overviews

    TransCanada: An Overview of Assets and Operations

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

    By Rekha Khandelwal, CFA
  • uploads///val
    Miscellaneous

    Why Williams Companies’ Current Valuation Looks Attractive

    Williams Companies (WMB) was trading at an EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 12.8x on June 29.…

    By Kurt Gallon
  • uploads///nspc
    Miscellaneous

    Williams Companies Recovered Slightly after Last Week’s Plunge

    Williams Companies (WMB) has recovered slightly following last week’s plunge due to the general weakness in the midstream sector amid weakness in crude oil prices.

    By Kurt Gallon
  • uploads///anr
    Miscellaneous

    Are Wall Street Analysts Bullish on Williams Companies?

    In this article, we’ll look at what Wall Street analysts recommend for Williams Companies (WMB).

    By Kurt Gallon
  • uploads///nspc
    Miscellaneous

    Williams Companies’ Winning Streak Continued Last Week

    Williams Companies (WMB) continued its winning streak last week with a rise of 2.6%.

    By Kurt Gallon
  • uploads///val
    Miscellaneous

    Analyzing Williams Companies’ Valuation since Last Week’s Gains

    Williams Companies’ EV-to-adjusted EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) ratio using a trailing-12-month adjusted EBITDA is 12.6x.

    By Kurt Gallon
  • uploads///val
    Company & Industry Overviews

    Does Williams Companies’ Valuation Mean a Buying Opportunity?

    In the previous part of this series, we saw the technical indicators for Williams Companies (WMB).

    By Kurt Gallon
  • uploads///top losers
    Macroeconomic Analysis

    Which MLP Stocks Were the Biggest Losers in February 2017?

    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 […]

    By Kurt Gallon
  • uploads///Bakken Pipeline project
    Company & Industry Overviews

    Victory for Energy Transfer’s DAPL: US Army to Provide Easement

    On February 8, the US Army stated that it would provide the easement to the Dakota Access Pipeline to drill under Lake Oahe. This action followed President Trump’s executive order to expedite the review and approval process for DAPL.

    By Kurt Gallon
  • uploads///NSPC
    Company & Industry Overviews

    How Did MLP Stocks React to Trump Removing the Blockade?

    Shares of TransCanada, the owner of the Keystone pipeline project, rose 3.5% following President Trump’s executive orders to revive the project.

    By Kurt Gallon
  • uploads///keystone
    Company & Industry Overviews

    Analyzing TransCanada’s Keystone Project

    The Keystone XL pipeline will have the capacity to transport 830,000 barrels of oil per day. It’s expected to create job opportunities in the US.

    By Kurt Gallon
  • uploads///tcps distributable cash flows and capex
    Company & Industry Overviews

    Analyzing TC PipeLines’ Distributions and Capital Expenditures

    TC PipeLines’ (TCP) 3Q16 distribution per unit of $0.94 didn’t change from its 2Q16 distribution. It rose 6% from its 3Q15 per unit distribution of $0.89.

    By Rekha Khandelwal, CFA
  • uploads///analysts bullish on kmi
    Company & Industry Overviews

    KMI, ENB, TRP: What Are Analysts Recommending?

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

    By Rekha Khandelwal, CFA
  • uploads///expected dividend growth
    Miscellaneous

    What Enbridge Saw in Spectra Energy to Prompt Buy

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

    By Rekha Khandelwal, CFA
  • uploads///cppl broker recommendations
    Miscellaneous

    Are Analysts Uncertain about Columbia Pipeline Partners’ Prospects?

    The merger between Columbia Pipeline Group and TransCanada could impact Columbia Pipeline Partners’ future growth.

    By Rekha Khandelwal, CFA
  • uploads///natural gas pipeline footprint
    Miscellaneous

    Columbia Pipeline’s Assets Complement TransCanada’s Footprint

    Columbia Pipeline Group has extensive assets in the attractive Marcellus and Utica shale regions. TransCanada expects to benefit from this presence.

    By Rekha Khandelwal, CFA
  • uploads///cpgx gains on news of trp deal
    Miscellaneous

    TransCanada Acquired Columbia Pipeline Group for $13 Billion

    On March 17, TransCanada announced the acquisition of Columbia Pipeline Group in an all-cash deal. TransCanada will pay $25.5 per Columbia Pipeline Group share.

    By Rekha Khandelwal, CFA
  • uploads///US cushing crude oil stocks
    Macroeconomic Analysis

    Why Did Cushing Crude Oil Stocks Hit a New Record?

    The U.S. Energy Information Administration reported that Cushing crude oil stocks rose by 36,000 barrels to 65 MMbbls for the week ending February 12, 2016.

    By Gordon Kristopher
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Funds Keep Seeing Outflows

    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.

    By Lynn Noah
  • uploads///US Investment Grade Bond Market Issuance
    Company & Industry Overviews

    Issuances of Investment-Grade Corporate Bonds Fell in the Week Ending January 22

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

    By Lynn Noah
  • uploads///Room
    Macroeconomic Analysis

    Was the FOMC Being Hawkish or Giving Itself Room to Maneuver?

    Most of the voting members of the present FOMC are doves who tend to err on the side of caution when making policy decisions.

    By David Ashworth
  • uploads///US Investment Grade Bond Fund Flows
    Company & Industry Overviews

    Investment-Grade Bond Funds Saw Outflows after 3 Weeks of Inflows

    Flows into investment-grade bond funds were negative for the week ended November 4, after three consecutive weeks of inflows.

    By Lynn Noah
  • uploads///historical cushing
    Macroeconomic Analysis

    Inventory Gains at Cushing Slowed the Week Ending April 17

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

    By Keisha Bandz
  • uploads///dvn
    Fund Managers

    Magnetar Capital’s New Position in Devon Energy

    During 4Q14, Magnetar purchased around 1.4 million shares in Devon Energy (DVN). The position represented 1.61% of the fund’s portfolio.

    By Santiago Solari
  • uploads///Asset overview
    Fund Managers

    Magnetar Raises Its Position in Williams Companies

    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.

    By Santiago Solari
  • uploads///trp
    Fund Managers

    Magnetar Increases Its Position in TransCanada

    In 4Q14, Magnetar Capital added to its position in TransCanada by purchasing 2.6 million shares. It accounts for 6.68% of the fund’s fourth quarter portfolio.

    By Santiago Solari
  • uploads///
    Fund Managers

    Magnetar Raises Its Stake in Alibaba

    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.

    By Santiago Solari
  • uploads///a
    Fund Managers

    Magnetar Capital’s Increased Positions in 4Q14

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

    By Santiago Solari
  • uploads///cushing stocks
    Macroeconomic Analysis

    How Do Cushing Inventory Levels in 2015 Compare to Last Year?

    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.

    By Keisha Bandz
  • uploads///cushing
    Macroeconomic Analysis

    Cushing Inventories in 2015 Follow a Different Trend than in 2014

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

    By Keisha Bandz
  • uploads///Cushing
    Macroeconomic Analysis

    A must-read overview of Cushing inventories in the past year

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

    By Keisha Bandz
  • uploads///CUSHING
    Macroeconomic Analysis

    Analyzing movement in Cushing inventories in the past year

    As new infrastructure came online, inventories at Cushing had been on a declining trend for the better part of 2014. This enabled more crude to move out of Cushing.

    By Keisha Bandz
  • uploads///Revenues
    Earnings Report

    Spectra Energy reports mainly strong revenues and profits

    From 4Q13 to 4Q14, EBITDA jumped for Spectra Energy Partners and the Western Canada Transmission & Processing segments. But, Field Services recorded a loss.

    By Alex Chamberlin
  • uploads///Comps
    Earnings Report

    Spectra Energy: Market is cautious about its valuation

    Higher debt-to-equity ratios indicate increased risk associated with the management of debt levels. Spectra Energy has a higher ratio than others.

    By Alex Chamberlin
  • uploads///drivers of housing bubble
    Macroeconomic Analysis

    Overvaluation and decreasing affordability drive a housing bubble

    Housing bubbles are primarily fueled by rising house prices. When prices reach a point above the equilibrium level, the market is in a state of overvaluation.

    By Surbhi Jain
  • uploads///WTI crude oil price
    Macroeconomic Analysis

    Declining commodity prices drag the loonie down

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

    By Surbhi Jain
  • uploads///Year to Date Movement in Cushing Stocks
    Macroeconomic Analysis

    Cushing inventories continue to trend higher

    As new pipelines helped drain crude from Cushing inventories—mostly in the latter part of 2014—new pipelines also brought more crude to replenish them.

    By Keisha Bandz
  • uploads///Movement in Cushing Stocks
    Macroeconomic Analysis

    Cushing: Another bearish number in this week’s EIA inventory report

    Unlike total US crude stocks, crude stocks at Cushing increased for the fifth consecutive week by 1.3 MMbbls to ~32.1 MMbbls in the week ended January 2.

    By Keisha Bandz
  • uploads///Revenues
    Company & Industry Overviews

    An overview of Spectra Energy’s 3Q14 earnings

    Spectra Energy’s earnings increased due to expansion projects and higher crude oil transportation revenues.

    By Alex Chamberlin
  • uploads///Distribution
    Company & Industry Overviews

    Spectra Energy’s distribution and western Canada assets

    In this section, we’ll look into the company’s assets in the distribution and western Canada transmission & processing segments.

    By Alex Chamberlin
  • uploads///AAL
    Financials

    Magnetar decreases stakes in American Airlines

    Magnetar reduced its position in AAL in the third quarter. The position accounts for 1.17% of the fund’s total portfolio in the third quarter.

    By Patricia Garner
  • uploads///baba
    Fund Managers

    Magnetar Capital’s new position in Alibaba Group

    Magnetar started a new position in BABA in 3Q14. The position accounts for 4.05% of the fund’s total portfolio in the third quarter. BABA is the largest e-commerce player in China.

    By Patricia Garner
  • uploads///cushing crude
    Macroeconomic Analysis

    Why Cushing inventories decreased for the first time in 4 weeks

    Crude stocks at Cushing decreased by 694,000 barrels to ~23.9 MMbbls in the week ending November 28. This is the first decrease since the refinery maintenance season ended.

    By Keisha Bandz
  • uploads///cushing
    Energy & Utilities

    Cushing inventories increase for the third week in a row

    Cushing, Oklahoma, is the delivery point for NYMEX crude futures contracts. It’s where a lot of supply sources of crude meet a lot of demand sources for that crude.

    By Keisha Bandz
  • uploads///cushing crude
    Energy & Utilities

    Cushing inventories decline for first time in five weeks

    As new pipelines come online to bring more crude from Canada and the Bakken in North Dakota to Cushing, the downward trend in inventories may not persist.

    By Keisha Bandz
  • uploads///cushing stock
    Energy & Utilities

    Why the long-term declining trend at Cushing may not continue

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

    By Keisha Bandz
  • uploads///cushing crude
    Energy & Utilities

    Why Cushing inventories could strongly support crude oil prices

    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.

    By Keisha Bandz
  • uploads///cushing inv
    Energy & Utilities

    Key effect: How refiner activity affected Cushing inventories

    Increase in crude inventories is likely the result of declining refinery input demand—which decreased by 525,000 bpd—as refineries enter seasonal maintenance to prepare for the upcoming winter.

    By Keisha Bandz
  • uploads///keystone xl
    Energy & Utilities

    TransCanada’s controversial Keystone XL Pipeline 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.

    By Keisha Bandz
  • uploads///TRPs growth projects
    Energy & Utilities

    Why TransCanada’s major projects are part of its capital program

    TransCanada Corp’s (TRP) growth strategy includes a $38 billion capital program. The $38 billion capital program includes $12 billion in small to medium-sized projects and $26 billion in large scale projects.

    By Keisha Bandz
  • uploads///TCP pipelines overview
    Energy & Utilities

    TC PipeLines—TransCanada’s important subsidiary

    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.

    By Keisha Bandz
  • uploads///TRPs pipeline network
    Energy & Utilities

    The story behind the Canadian giant—TransCanada Corp.

    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.

    By Keisha Bandz
  • uploads///TRP asset overview
    Energy & Utilities

    An introduction to TransCanada Corp.

    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.

    By Keisha Bandz
  • uploads///Northen border net income
    Energy & Utilities

    Why Western Canada and Bakken development help TC PipeLines

    In 2013, TCP’s Northern Border pipeline delivered steady results despite its lower rates, which were instituted on January 1, 2013. Demand for its service has remained strong.

    By Alex Chamberlin
    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.