TransCanada Corp

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  • 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///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 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///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 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 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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///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///
    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 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
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