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

TRANSCANADA CORPORATION (TRP)
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Tell PSC: ‘No' to Keystone XL

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11/10/2017 | 06:15pm CET

The Public Service Commission will decide by Thanksgiving on whether to approve the Keystone XL pipeline. Please contact Mary Ridder, the PSC member representing North Platte, and tell her to vote NO on KXL because it does not serve Nebraska's interests for the following reasons:

1. It will not increase U.S. energy independence. Most of the tar sands oil will be refined for export by Motiva, a Saudi Arabian company that is one of the primary customers for KXL crude.

2. It won't use U.S. steel. The majority of KXL steel comes from Welspun, an Indian company that has been sued for defective steel by pipeline companies.

3. It's already a dinosaur. Investors have been pulling out of the KXL project, and TransCanada is unlikely to find U.S. customers interested in long-term shipping contracts.

4. It violates personal property rights by granting eminent domain to a foreign corporation for private (not public) profit.

5. It threatens the continued economic viability of agricultural land due to the 91 significant leaks predicted by a UNL professor that will occur, polluting our precious aquifer.

6. It will not create jobs for Nebraskans. TransCanada admits it prefers to import workers from Oklahoma and Kansas rather than hiring locals to construct the pipeline.

In short, the banks don't like it, the people don't want it, and the country doesn't need it.

To reach Ridder at the PSC and tell her to vote no on KXL, call 800-526-0017 or use the form atpsc.nebraska.gov

Nancy Meyer

Cedar Bluffs

© Copyright © 2017 North Platte Telegraph. All rights reserved., source Newspapers

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Latest news on TRANSCANADA CORPORATION
06:04p THE LATEST : Keystone XL route still uncertain in Nebraska
05:09p TRANSCANADA : lines up enough shippers to take Keystone XL forward
04:07p TRANSCANADA : Developer says it's moving forward with Keystone XL pipeline
02:34p TRANSCANADA : concludes open season for Keystone XL project, confirms support
02:01p TRANSCANADA : Confirms Commercial Support for Keystone XL
01/17 PIPELINE BUILDERS TRY NEW GROWTH STR : Bigger Pipes
01/17 Pipeline Builders Outflank Opposition with Expansions
01/12 S&P Dow Jones Indices Announces Changes to the S&P/TSX Canadian Indices
01/09 TRANSCANADA : Cleanup of spilled soil from pipeline leak area took 7 hours
01/04 TRANSCANADA : pipeline completed
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10:02a Keystone XL pipeline wins enough shipper support to move forward
01/14 MLPs Leveling Up
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01/11 ENBRIDGE : Likely Winner In The Race To Build The Next Pipeline For Canada
01/04 Another Year Of Doing Nothing, And Doing Great
Financials ( CAD)
Sales 2017 12 789 M
EBIT 2017 4 926 M
Net income 2017 2 570 M
Debt 2017 45 759 M
Yield 2017 4,17%
P/E ratio 2017 20,93
P/E ratio 2018 17,84
EV / Sales 2017 7,68x
EV / Sales 2018 8,00x
Capitalization 52 495 M
Chart TRANSCANADA CORPORATION
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TransCanada Corporation Technical Analysis Chart | TRP | CA89353D1078 | 4-Traders
Technical analysis trends TRANSCANADA CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 71,2  CAD
Spread / Average Target 19%
EPS Revisions
Managers
NameTitle
Russell K. Girling President, CEO & Non-Independent Director
Siim Alden Vanaselja Chairman
Donald R. Marchand CFO & Executive VP-Corporate Development
Steven Barry Jackson Independent Director
Kevin E. Benson Independent Director
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