Not surprisingly, pipeline operators, such as TransCanada (TRP), have been going gangbusters. However TransCanada's shares have struggled over the past year because of delays in approving the company's controversial Keystone pipeline. Juan Plessis, an analyst at Canaccord Genuity, thinks the pipeline will eventually be approved, but it may not be operational until 2016.
Meanwhile, the company has booked billions in other projects, including the $12 billion Energy East pipeline that doesn't require a presidential go-ahead. Plessis thinks the stock should sell for $53 a share within a year.
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