Pipeline Giant TransCanada Could Rise 35%
Should get a pop from the story in Barron’s. The long-term chart (from 2000) looks impressive. What more can I say? Let the chart speak for itself.
The controversial Keystone XL pipeline, which would transport oil from Alberta to refineries in the U.S. Midwest and Gulf Coast, has been held up for four years by political and environmental red tape. But that hasn’t slowed the growth of TransCanada, one of North America’s largest energy- pipeline companies. Even without the $5.4 billion Keystone XL, the Canadian pipeline giant has an industry-leading $30 billion backlog of projects in the works……………….
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