TransCanada Corporation (TRP)

[BottomBounce]

$TRP $HYZN Hyzon Motors and TC Energy recently announced modular hydrogen production hub development agreement
- Each production hub will produce up to 20 tonnes of low-to-negative carbon intensity hydrogen per day, close to Hyzon fleet deployments

https://www.prnewswire.com/news-releases/hyzon-motors-and-tc-energy-announce-modular-hydrogen-production-hub-development-agreement-301421044.html

[whytestocks]

NEWS: $TRP Wherever the Market Goes, I'm Buying These Top TSX Stocks

The market kept soaring, while the financial media continued to shout about an impending crash. If you are looking for all-weather stocks that would stay solid, even during the market weakness, this article is for you. Here are three Canadian giants to bet on, irrespective of the market dir...

Got this from TRP - Wherever the Market Goes, I'm Buying These Top TSX Stocks

[ernie44]

UT OH troble on the bc reserves---new female chief at the gas pipeline route

[TFMG]

$TRP Reversal trade looks appealing, selling is overdone.

Post earnings the stock of NYSE:TPR spiked higher but it was short lived, losing 23% from that high, China is the obvious problem for Tapestry as tariffs are going to take a large bite out of earnings . As the rhetoric became more and more negative between the USA and China retailers have witnessed drastic declines in their share price. Since the earnings report the company has announced the arrival of a new COO formerly of VFC and it is notable that one of the company directors bought a sizeable chunk of stock in May also. Indicators on the chart are pointing to a recovery and have taken a much more bullish setup.


AVERAGE ANALYSTS PRICE TARGET $43.37
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 12.48

COMPANY PROFILE
Tapestry, Inc. engages in the provision of luxury accessories and lifestyle brands. It operates through the following segments:Coach, Kate Spade, and Stuart Weitzman. The Coach segment consists global sales of coach brand products to customers through coach operated stores, including the internet and concession shop-in-shops, and sales to wholesale customers, and through independent third party distributors. The Kate Spade segment focuses in the kate spade new york brand products to customers through Kate Spade operated stores. The Stuart Weitzman segment comprises Stuart Weitzman brand products primarily through Stuart Weitzman operated stores. The company was founded by Dawn Hughes in 1941 and is headquartered in New York , NY.

[whytestocks]

News: $TRP TransCanada to Issue Fourth Quarter Results February 14

CALGARY, Alberta, Jan. 24, 2019 (GLOBE NEWSWIRE) -- News Release – TransCanada Corporation (TSX, NYSE: TRP) (TransCanada) will hold a teleconference and webcast on Thursday, February 14, 2019 to discuss its fourth quarter 2018 financial results. Russ Girling, TransCanada president...

Got this from https://marketwirenews.com/news-releases/transcanada-to-issue-fourth-quarter-results-february-14-7549496.html

[benfrankledger]

TransCanada (NYSE:TRP) is “cautiously optimistic” about prospects for construction of its Keystone XL pipeline despite the denial of its preferred route through Nebraska, Alberta Premier Notley says in the first indication of the company’s possible stance following Monday’s announcement.

[benfrankledger]

It will help really get things going. Time for US To lead the world in energy.

[l_winthorpe]

Yeah, that's true. But to be fair, the media is another business. It would be nice if people had some semblance of industry knowledge before they labeled a project as good or bad.

Well, getting off topic. Point is, this is more than good news about Keystone XL and I am excited to see how this shapes the industry.

[benfrankledger]

Very little common sense these days in the media.

[l_winthorpe]

I agree! I remember laughing to myself when listening to the arguments against Keystone XL. I thought to myself, "So, you [the protesters] would rather have old, outdated pipelines instead of a new, state of the art pipeline?"

To add to your point, the Keystone XL will not increase oil consumption, but rather make current consumption safer and less expensive to transport. Conveniently, I don't think I saw those points mentioned in the news.

[benfrankledger]

Funny thing is more and better infrastructure only help replace weak and risky infrastructure and more stability of supply we get the more we can loosen our addiction to oil.

[l_winthorpe]

I saw that! I was waiting to hear what others said about it. The Keystone Pipeline XL has had such a crazy history, I can't wait to see what the future holds.

Though, my guess is that this will far from the last we hear for controversy.

[benfrankledger]

$TRP Nebraska's Public Service Commission approves TransCanada's proposed route for the Keystone XL pipeline by a 3-2 vote, clearing the way for the final permit needed to build the controversial project.

[benfrankledger]

Haven’t heard yet if it passed.

[l_winthorpe]

Oh man, I am beyond excited to hear the news. Has it been released yet?

[benfrankledger]

$TRP - After nearly a decade, two presidential decisions, lawsuits and environmental protests, TransCanada (NYSE:TRP) will learn today whether it will receive the final state permit needed from Nebraska to build the Keystone XL pipeline.

The proposed 1,179-mile, $8B project will link Canada's oil sands to U.S. refineries and comes days after TransCanada's existing Keystone system spilled 5,000 barrels in South Dakota.

[l_winthorpe]

Ah ok, I understand what you mean now. I am excited to see the long term effects of shale on oil prices.

[benfrankledger]

Would agree with that timeline or sooner. Already seeing some rebalancing occurring. My comment however was based on ability produce large new reserves when declines set in. Shale is the only one that can scale up fast.

[l_winthorpe]

So in 3 or so years, we will likely see under supply?

[benfrankledger]

Primarily upstream in terms of proving and producing new reserves. Most projects to replace reserves take 3-10 years to come online. They are not being invested in largely due to low oil prices.

[l_winthorpe]

Are you talking about under investment across upstream, midstream, and downstream?

[benfrankledger]

If you are talking about globally it will require terminal declines in reserves. Right now under Investment is setting us up for a hockey stick move in the coming years.

[l_winthorpe]

That's true. However, wouldn't it take some time to balance out? That was really my concern - how long until demand and supply balance each other out?

[benfrankledger]

It’s possible. But the bottle necks are happening now so with more channels it will only balance over time would it not?

[l_winthorpe]

If this pipeline is approved, do you think it will have any effect on prices? It seems that a greater supply would lead to lower retail refined product prices. However, there is also the issue of bottle necking at refineries.

[benfrankledger]

TRP has said it will decide by December whether to proceed with Keystone XL after gauging shipper demand, and is awaiting a decision from Nebraska, which contains part of the pipeline's path, by the end of this month.

[benfrankledger]

“We do have various conditions attached, [and] I believe the conditions are manageable,” Miller said, without disclosing the terms from shippers.

[benfrankledger]

TRP’s ?liquids pipelines head Paul Miller said during today's earnings conference call that the company has obtained the desired volume commitment of ~500K bbl/day.

[benfrankledger]

TransCanada (TRP +0.3%) says it has received adequate support from shippers on its long-delayed Keystone XL pipeline, but the parties still must work out specific terms.

[eFinanceMarkets]

$TRP Keystone critics to focus on eminent domain

Keystone XL foes are planning to focus on TransCanada's (NYSE:TRP) use of eminent domain to argue against final state approval needed for the pipeline's construction, Bloomberg reports.

The Republican-dominated Public Service Commission in Nebraska is set to hear a week of arguments beginning on Monday.

[eFinanceMarkets]

$TRP Keystone critics to focus on eminent domain

Keystone XL foes are planning to focus on TransCanada's (NYSE:TRP) use of eminent domain to argue against final state approval needed for the pipeline's construction, Bloomberg reports.

The Republican-dominated Public Service Commission in Nebraska is set to hear a week of arguments beginning on Monday.

[eFinanceMarkets]

$TRP Keystone XL foes consider appeal to South Dakota Supreme Court

Keystone XL pipeline opponents say they may appeal a South Dakota judge’s decision that upheld state regulators’ authorization of the project where it crosses the state.

[eFinanceMarkets]

Canada's energy regulator eyes new rules as firms find bad pipeline parts

Canada's National Energy Board is expected to push for a shift in standards for pipeline parts after TransCanada (TRP +0.5%) and Enbridge (ENB +1%) discovered some that they were using had been substandard, Reuters reports.

The changes must pass external standards committees that include the pipeline industry and would change the way manufacturers have been designing parts, making production more complicated, according to the NEB's chief engineer.

TRP and ENB say they acted immediately and proactively after discovering the issues and that all their pipes were safe.

[eFinanceMarkets]

Environmental groups sue over Keystone pipeline approval
Six environmental groups file a lawsuit against the Trump administration in a Montana federal court to challenge its decision to approve construction of TransCanada's (TRP -0.6%) Keystone XL pipeline.
The groups say the U.S. State Department, which granted the permit needed for the pipeline to cross the Canadian border, relied on an "outdated and incomplete environmental impact statement" when making its decision earlier this month, violating the National Environmental Policy Act.
The lawsuit is the second filed this week against the Trump administration's recent energy-related moves, after environmental groups and Native American tribe sued for violating the Act in the lifting of a moratorium on coal leases on federal land.

[eFinanceMarkets]

Report: State Department to approve Keystone pipeline permit
The Trump administration will approve TransCanada's (TRP +1.1%) Keystone XL oil pipeline by Monday, reversing former Pres. Obama’s controversial decision, Politico reports.
The undersecretary for political affairs plans to sign the pipeline’s cross-border permit on or before Monday, the last day for the 60-day timeline that Pres. Donald Trump ordered in January, according to the report.
While the permit will eliminate a crucial barrier for the pipeline, other hurdles still remain, including winning approval for the project in Nebraska and from landowners there who have denied it the right of way.

[eFinanceMarkets]

TransCanada to seek early OK for North Montney pipeline project
TransCanada (TRP -0.7%) says it has secured commitments from shippers for the North Montney Mainline pipeline to Malaysian oil company Petronas' proposed Pacific Northwest liquefied natural gas terminal in British Columbia and will seek approval for early construction.
TRP says the requested variance would allow it to move forward with construction of most of pipeline, at an estimated capex of ~$1.4B, prior to a final investment decision on the project.

[zsvq1p]

No way!

[EastAfricaOil]

Critics question US government backing of Kenya pipeline over TransCanada Keystone XL pipeline ow.ly/WWmyw

[Timothy Smith]

Alaska Gov. Walker says he plans to recommend that the state buy out TransCanada's (TRP +2.3%) position in the major liquefied natural gas project Alaska is pursuing.

Walker estimates buyout costs would total ~$100M.

The other partners in the project are Exxon Mobil (NYSE:XOM), BP, ConocoPhillips (NYSE:COP) and the Alaska Gasline Development Corp., which would hold the state's interest in liquefaction facilities.

No decision has been made yet on whether to build the project, which is in a phase of preliminary engineering and design.

[Timothy Smith]

TransCanada (NYSE:TRP) says it has resolved a dispute with three major Canadian natural gas distributors over its proposed $12B Energy East pipeline project it says will ensure that natural gas consumers in eastern Canada will have sufficient capacity and reduced natural gas transmission costs if the project proceeds.

[Timothy Smith]

Even though nearly half of TransCanada's (TRP -1.7%) proposed $12B Energy East crude oil pipeline runs through Ontario, the Ontario Energy Board says the project would result in only "modest" economic benefits for the province.

"Ontario consumers need to be assured that enough pipeline capacity and natural gas supply will be available to meet Ontario’s medium- and long-term needs, particularly in eastern Ontario," the OEB says in a new report.

[Timothy Smith]

Canada’s October election has become the latest event shaping the seven-year saga of TransCanada's (NYSE:TRP) Keystone XL pipeline, and may lead to yet another delay in the Obama administration's decision to approve or reject the controversial project.

[Timothy Smith]

TransCanada (NYSE:TRP): Q2 EPS of $0.56 beats by $0.06

Revenue of $2.63B (+17.9% Y/Y) beats by $290M.

[Timothy Smith]

TransCanada (NYSE:TRP) says it is eliminating 185 full-time and contract jobs following a restructuring of its major projects department, saying the cuts were needed to ensure the lowest-cost services to its customers.

[Timothy Smith]

More than 60 organizations are calling on Canada's National Energy Board to suspend TransCanada’s (TRP +0.4%) application for the Energy East pipeline.

[Timothy Smith]

Canada says it is committing to cut greenhouse gas emissions by 30% below 2005 levels by 2030, partly by introducing new regulations on its oil and gas sector.

[Timothy Smith]

TransCanada (NYSE:TRP): Q1 EPS of $0.66 beats by $0.02.

Revenue of $2.87B (-0.3% Y/Y) misses by $210M.

[seriousonly]

OK I DID

[seriousonly]

TALK LATER

[seriousonly]

LOVE IT