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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  TransCanada Corporation    TRP   CA89353D1078

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TransCanada Corp. : TransCanada CEO : Expect Keystone Route Decision By End Summer -Fox Business

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05/04/2012 | 06:00pm CET

TransCanada Corp. (TRP) Chief Executive Russell Girling said Friday he expects a decision from the U.S. State Dept. on the company's resubmitted application for the Keystone XL Pipeline by late Summer or the beginning of Fall.

In an interview on Fox Business Network, Girling said he hoped the State Dept. along with the Nebraska Department of Environmental Quality would come to a joint conclusion on the new application "by hopefully the end of summer."

Friday, TransCanada resubmitted its application for its controversial Keystone XL oil-pipeline expansion to the U.S. State Department and said it would supplement the application with a new proposed route for Nebraska, as soon as that route was decided.

Nebraska was a focal point for some of the most vocal opposition to the Keystone pipeline expansion as it was originally proposed.

Website: www.foxbusiness.com

-Dow Jones Newswires; 212-416-2900

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Financials ( CAD)
Sales 2016 12 431 M
EBIT 2016 4 263 M
Net income 2016 730 M
Debt 2016 44 157 M
Yield 2016 3,59%
P/E ratio 2016 58,10
P/E ratio 2017 20,21
EV / Sales 2016 7,90x
EV / Sales 2017 8,10x
Capitalization 54 007 M
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 67,7  CAD
Spread / Average Target 8,3%
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Managers
NameTitle
Russell K. Girling President, Chief Executive Officer & Director
Steven Barry Jackson Chairman
Alexander J. Pourbaix Chief Operating Officer
Donald R. Marchand CFO & Executive VP-Corporate Development
Kevin E. Benson Independent Director
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