|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.27 - 9.27|
|52 Week Range||9.27 - 11.95|
|Beta (3Y Monthly)||1.04|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.70 (7.57%)|
|1y Target Est||N/A|
Following months of speculation, the downtown Houston office tower once known as Bank of America Center officially has a new name. It's also undergoing a $20 million renovation.
You probably know from experience that there is not as much information on small-cap companies as there is on large companies. Of course, this makes it really hard and difficult for individual investors to make proper and accurate analysis of certain small-cap companies. However, well-known and successful hedge fund managers like Jeff Ubben, George Soros […]
(Bloomberg) -- The Coastal GasLink project, a natural gas pipeline TC Energy Corp. is selling, has drawn interest from potential investors including Mubadala Investment Co., according to people familiar with the matter.Other suitors are circling the asset, said the people, who asked to not be identified because the matter isn’t public.TC Energy, which changed its name in May from TransCanada Corp., is working with an adviser to sell up to 75% of Coastal GasLink, which is estimated to cost C$6.2 billion ($4.7 billion) to build, it said in a regulatory filing in January. It’s not clear how much the stake would fetch in a sale.“TC Energy does not comment on market rumours,” the Calgary-based company said in a statement. “As has been previously reported in our quarterly financial disclosures, we continue to advance funding plans for our Coastal GasLink Project including the potential sale of an ownership interest and project financing.”A representative for Mubadala declined to comment.TC Energy has been selling assets to strengthen its balance sheet and fund capital projects, following its $10.2 billion takeover in 2016 of Columbia Pipeline Group Inc.Coastal GasLink will connect gas fields in western Canada’s prolific Montney shale formation with the C$40 billion LNG Canada project on British Columbia’s coast. The 670-kilometers (416 miles) long pipeline is expected to go into service in 2023.Mubadala, Abu Dhabi’s sovereign wealth fund, spent about $19 billion last year expanding into new industries as it seeks to diversify its economy.\--With assistance from Kevin Orland.To contact the reporters on this story: Gillian Tan in New York at email@example.com;Mahmoud Habboush in Abu Dhabi at firstname.lastname@example.org;Vinicy Chan in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Alan Goldstein at email@example.com, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Pipeline company TransCanada Corp said on Friday it has changed its name to TC Energy, to reflect the expansion of its business beyond Canada to the United States and Mexico. Calgary-based TC Energy has been struggling to make progress in building new oil export pipelines out of western Canada. The company has been working for more than a decade to build the controversy-ridden 830,000 barrel per day (bpd) Keystone XL pipeline, which would boost export capacity from the oil-rich province of Alberta to U.S. refineries.
Pipeline operator TransCanada Corp reported a 14 percent rise in first-quarter profit on Friday, as it earned more by phasing into service Columbia Gas pipeline and one of its Columbia Gulf growth projects. ...
South Dakota's governor and attorney general are asking a federal judge to throw out a lawsuit challenging a new law that aims to prevent disruptive demonstrations against the Keystone XL pipeline if it's built.
BILLINGS, Mont. (AP) — Opponents of the long-stalled Keystone XL oil pipeline asked a federal court Friday in a lawsuit to declare President Donald Trump acted illegally when he issued a new permit for the project in a bid to get around an earlier court ruling.
Pipeline operator TransCanada Corp is exploring a potential sale of its Columbia Midstream unit in a deal that could value the business at about $1 billion, three sources aware of the matter said on Friday. TransCanada, based in Calgary, Alberta, is offloading parts of its infrastructure to help finance the $8 billion it has earmarked to spend on new projects in 2019, such as the high-profile Coastal GasLink system and the Keystone XL pipeline, which are likely to generate higher returns than these legacy assets. A sale of Columbia Midstream is not guaranteed, and TransCanada's plans could still change, the sources cautioned, asking not to be named because the information is private.
According to the GuruFocus All-in-One Screener, the following stocks have outperformed the Standard & Poor's 500 index over the past 12 months and were bought by gurus during the fourth quarter. TransCanada Corp. (TRP) has a market cap of $42.2 billion. Warning! GuruFocus has detected 5 Warning Signs with TRP.
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.
President Trump issued an executive order on Friday to keep the Keystone XL pipeline alive, one of a list of oil and gas projects that the President is eager to see progress
U.S. President Donald Trump on Friday signed a new permission for TransCanada Corp to build the long-delayed Keystone pipeline for imports of Canadian oil, replacing his previous permits in a fresh attempt to get around the blocking of the $8 billion project by a court in Montana. In granting the permission in an executive order, Trump revoked a previous permit for the pipeline issued in March 2017 and an executive order approving the project he issued two days after taking office in January that year. It was not immediately clear whether under the new approval the pipeline, which would carry 800,000 barrels per day of crude from Canada's oil sands to refineries along the U.S. Gulf of Mexico, would have to undergo extensive new environmental reviews.
President Donald Trump signed a permit on Friday granting permission for TransCanada Corp to build pipeline facilities on the U.S.-Canada border for the importation of oil from Canada through the Keystone ...