Extraordinaire natural gas and energy storage and transmission play TransCanada Corp. (TRP), first discussed on May 11, 2009, at a price of $26.56, is testing the $40 level, and I obviously still like the shares.

And the reason is obvious enough. TransCanada's natural gas operations hold considerable promise. It's a natural gas transmission and storage company that also owns oil assets and electric power generation assets (including 19 wholly-owned power plants).

Continue reading TransCanada Is Pushing $40 a Share

TransCanada Is Pushing $40 a Share originally appeared on BloggingStocks on Tue, 29 Mar 2011 11:30:00 EST. Please see our terms for use of feeds.

Continue reading TransCanada: Natural Gas Play with Promise

TransCanada: Natural Gas Play with Promise originally appeared on BloggingStocks on Fri, 28 Jan 2011 15:00:00 EST. Please see our terms for use of feeds.

Continue reading TransCanada: Natural Gas Play That's Ready for the Recovery

TransCanada: Natural Gas Play That's Ready for the Recovery originally appeared on BloggingStocks on Tue, 02 Nov 2010 15:10:00 EST. Please see our terms for use of feeds.

Continue reading TransCanada: Promising Natural Gas Play

TransCanada: Promising Natural Gas Play originally appeared on BloggingStocks on Wed, 07 Jul 2010 10:30:00 EST. Please see our terms for use of feeds.

Continue reading It's Now or Never with TransCanada

It's Now or Never with TransCanada originally appeared on BloggingStocks on Tue, 23 Mar 2010 15:00:00 EST. Please see our terms for use of feeds.

TransCanada Corp.'s (TRP) shares, first recommended on May 11, 2009, at a price of $26.56, have pulled back, and the dip represents a buy opportunity, which is why I'm reiterating my buy rating for the stock.

TransCanada is natural gas play with promise: it's a natural gas transmission and storage company that also owns oil assets and electric power generation assets (including 19 wholly-owned power plants). A solid $1.45 annual dividend adds to the positive story.

Continue reading TransCanada: Pull-back is buy opportunity

TransCanada: Pull-back is buy opportunity originally appeared on BloggingStocks on Sat, 21 Nov 2009 11:40:00 EST. Please see our terms for use of feeds.

TransCanada Corp. (NYSE: TRP), which I had placed in the high-risk category earlier this, is now a moderate-risk play, and I'm also reiterating my Buy rating for it, first recommended on May 11, 2009, at a price of $26.56.

TransCanada is a natural gas play with promise: it's a natural gas transmission and storage company that also owns oil assets and electric power generation assets (including 19 wholly-owned power plants). A solid $1.41 annual dividend adds to the positive story.

Continue reading TransCanada is poised for the next natural gas boom

TransCanada is poised for the next natural gas boom originally appeared on BloggingStocks on Mon, 14 Sep 2009 15:20:00 EST. Please see our terms for use of feeds.

"Our focus this summer remains on building positions in the bombed-out natural gas market; there's no other commodity this depressed, this unwanted and trading at such distressed levels," says resource expert Eric Roseman.

In his industry-leading, The Commodity Trend Alert, he explains, "Indeed, the bombed-out natural gas sector is screaming 'buy'." Here, he looks at TransCanada Corp. (NYSE: TRP).

"The way prices have been heading over the last several months you'd think the world doesn't use this clean-burning fossil fuel anymore.

"Natural gas prices remain 70% off their 52-week high and more than 75% below their all-time highs almost four years ago when Hurricane Katrina smashed the Gulf of Mexico.

Continue reading TransCanada (TRO): Natural gas is a 'screaming buy'

TransCanada (TRO): Natural gas is a 'screaming buy' originally appeared on BloggingStocks on Mon, 13 Jul 2009 11:00:00 EST. Please see our terms for use of feeds.

TransCanada Corp.

Continue reading TransCanada Corp.: A low-profile, natural gas play

TransCanada Corp.: A low-profile, natural gas play originally appeared on BloggingStocks on Mon, 11 May 2009 14:30:00 EST. Please see our terms for use of feeds.

Q. Gordon, since we last spoke, global markets have lost nearly half their value, and the Toronto Stock Exchange's Composite Index has dropped from more than 15,000 to just over 8,700. Have we hit bottom?

A. We are cautiously optimistic, but the recent trillion-dollar bond purchase plan announced by the Federal Reserve is great news for Canada. The flood of cash will likely spur inflation, drive down the value of the US dollar, and raise the price of commodities. It's no surprise that gold [rose] almost $60 an ounce and oil [got] back over $50 a barrel. The Canadian stock market is heavily weighted to commodities, so we are seeing a big lift. I still expect a lot of volatility in the coming months. However, the March 6th TSE low of 7,480 may turn out to have been the bottom for this cycle.

Continue reading Global Q&A: Has Canada turned the corner?

Global Q&A: Has Canada turned the corner? originally appeared on BloggingStocks on Wed, 01 Apr 2009 11:30:00 EST. Please see our terms for use of feeds.

Shares of were trading near record highs when ConocoPhillips (NYSE: COP) started off the new year by announcing that it expected fourth quarter production results to exceed those of the third quarter. But it was good news/bad news for the company this past week.

The good news: The Wall Steet Journal reported that Conoco was now the front-runner to participate in a multiyear, $10 billion project to develop the Shah natural-gas field in Abu Dhabi, beating out such rivals as Occidental Petroleum (NYSE: OXY) and Royal Dutch Shell (NYSE: RDS.A). Abu Dhabi National Oil Co. had been expected to name a partner for the project last year, and oil companies have become frustrated by the delays. Abu Dhabi is trying to meet rising demand for natural gas, which has surged with the building of gas-fired power stations and desalination plants.

The bad news: The company's donation of $5 million to a local cancer center apparently did not impress Alaska state officials sufficiently to allow Conoco to go forward with its nonconforming proposal for a natural gas pipeline project in that state's North Slope. Conoco's proposal had requested that state taxes be fixed on the project for decades, which prompted Governor Sarah Palin to send Conoco a rejection letter. The rejection left TransCanada Corp. (NYSE: TRP) as the sole finalist for the project.

Conoco shares have fallen 5.96% since the beginning of the year, and closed Friday at $83.04.

ConocoPhillips: Good news in Abu Dhabi, bad news in Alaska originally appeared on BloggingStocks on Sat, 12 Jan 2008 17:10:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY UPGRADES:

• Brean Murray upgraded Consolidated Water (NASDAQ: CWCO) to Buy from Hold, based on valuation.

• Magellan Midstream Partners (NYSE: MMP) was downgraded to Neutral from Buy by Goldman Sachs.
• Goldman also downgraded TransCanada (NYSE: TRP) to Neutral from Buy.

Analyst upgrades and downgrades: Consolidated Water, Magellan Midstream originally appeared on BloggingStocks on Wed, 26 Dec 2007 14:30:00 EST. Please see our terms for use of feeds.

MOST NOTEWORTHY:

• Time Warner Cable (NYSE: TWC) was initiated at Bernstein with an Outperform rating and $46 target, citing a compelling diversification alternative for cable/CMCS investors. Goldman started Time Warner Cable with a Neutral rating and $44 target.

• Molecular Insight Pharmaceuticals Inc (NASDAQ: MIPI) was initiated at RBC with an Outperform rating and $18 target. RBC said Molecular Insight is a leader in developing and commercializing superior radiopharmaceuticals for the treatment and management of life-threatening diseases. Jefferies initiated shares of Molecular Insight with a Buy rating and $20 target, saying Zemiva has blockbuster potential.

• UBS started Amedisys, Inc (NASDAQ: AMED) with aBuy rating and $39 target.

• Goldman Sachs initiated TransCanada (NYSE: TRP) with a Buy rating.

• Credit Suisse initiated Tim Hortons Inc (NYSE: THI) with an Outperform rating.

• Pacific Growth initiated Ormat Technologies, Inc (NYSE: ORA) with a Buy rating.

Analyst initiations 3-14-07: Time Warner Cable & Tim Hortons initiated today originally appeared on BloggingStocks on Wed, 14 Mar 2007 11:31:00 EST. Please see our terms for use of feeds.