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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 CEST

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 2017 12 598 M
EBIT 2017 5 173 M
Net income 2017 2 649 M
Debt 2017 48 212 M
Yield 2017 3,86%
P/E ratio 2017 21,40
P/E ratio 2018 19,83
EV / Sales 2017 8,19x
EV / Sales 2018 7,76x
Capitalization 54 949 M
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 68,4  CAD
Spread / Average Target 8,0%
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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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