|Bid||36.94 x 4000|
|Ask||37.37 x 2900|
|Day's Range||36.89 - 37.22|
|52 Week Range||28.82 - 37.69|
|Beta (3Y Monthly)||0.64|
|PE Ratio (TTM)||51.23|
|Forward Dividend & Yield||2.24 (6.18%)|
|1y Target Est||N/A|
Bringing in pleasant news for TransCanada (TRP), Donald Trump issued a new presidential permit in an attempt to kick-start the much-delayed Keystone XL project.
President Donald Trump has rescinded his initial presidential permit for the Keystone XL pipeline and issued a new one for the project. The now outdated permit was based on a 2014 environmental impact study performed by President Barack Obama's administration. The new permit, issued by Trump himself, does not require an environmental impact study and aims to undercut the legal proceedings that are holding up the project.
While the issuance of presidential permit paves way for the commencement of TransCanada's (TRP) Keystone pipeline's preliminary work, the firm still needs to overcome a few other challenges.
TRAVERSE CITY, Mich. (AP) — The Latest on Michigan officials halting work toward a Great Lakes oil pipeline tunnel (all times local):
A law that Michigan's Republican-led Legislature hurriedly passed during a lame-duck session in December authorizing construction of an oil pipeline tunnel beneath the channel linking lakes Huron and Michigan is unconstitutional, the state's Democratic attorney general said Thursday. Shortly after Dana Nessel issued her first legal opinion since taking office in January, Democratic Gov. Gretchen Whitmer ordered state agencies to stop any work on the tunnel project. Nessel said the bill violated the state constitution because it went beyond what the bill's title reflected.
The provincial government now intends to relax production caps by increasing the oil output limit by 25K barrels a day (bpd) in May and another 25K bpd in June.
Enbridge (ENB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.