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TransCanada (TRP) to Finish Southern Portion of Keystone XL by October

By  +Follow October 3, 2013 12:37PM
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TransCanada Corp. (TRP) said on Thursday that the southern portion of its massively unpopular Keystone XL pipeline would be completed by the end of the end of the month, and will begin transporting oil within 30 days.

The Gulf Coast portion of the pipeline will carry oil from Cushing, Oklahoma, the physical delivery location for West Texas Intermediate contracts traded on the NYMEX, to Nederland, Texas.

TransCanada has been working on the Gulf Coast pipeline, which has a projected capacity of over 800,000 barrels per day, for over a year now. The $2.3 billion project constitutes one third of the overall Keystone XL gambit, which has been in limbo since meeting stiff resistance from communities on both sides of the US-Canada border.

Despite TransCanada’s promises of the ostensible jobs that could be created as a result of the pipline’s construction, as well as guarantees about environmental safety, many residents of towns and cities along the northern portion of the Keystone route have concerns about the notoriously dirty tar sands oil that it would transport from Canada all the way down to the Gulf of Mexico for export.

Furthermore, while TransCanada and other supporters of the project have consistently tried to reassure its detractors by claiming that oil prices would drop across the Midwestern US as a result, it is not even clear if the company’s executives actually believe this themselves.

Indeed, it is no secret that one of the main goals of the pipeline is to increase demand for Canadian crude oil, and raise prices high enough to be competitive with Mexican and US crudes that also ship out of the Gulf Coast.

The US portion of Keystone XL has been under review for some six years now, with President Barack Obama having nixed the project last year amid enormous pressure from both supporters and opponents of the pipeline.

While the announcement could be considered somewhat of a victory for the Canadian gas utility, TransCanada admits that any construction in the absence of the full route would be relatively pointless. Company spokesman Les Cherwenuk told Bloomberg that “If something were to occur, then you build a smaller pipeline, but at this point in time, just building Keystone XL based on Bakken contract supplies is not attractive.”

Shares for TransCanada were down 1.35 percent to $43.13 heading in to Thursday’s close.

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Results for trp
Jeff Lewis
24 Apr 15 13:29:39
TransCanada seeking approval for another cross-border pipeline http://t.co/mEZ4NnFj6d $TRP
Market Int Center
24 Apr 15 12:11:34
TransCanada $TRP Showing Support Near $45.85 ( http://t.co/kTg6kidVra )
GotSanctuary
24 Apr 15 11:55:45
TransCanada $TRP asks U.S. permission for new $600-million 200-mile pipeline to send North Dakota crude to Canada http://t.co/jQhFvsIe1k
Michael Maher
24 Apr 15 10:32:13
$TRP TransCanada asks U.S. permission for new pipeline amid Keystone delay http://t.co/fJMgg3foBP via @WSJ
Owen
24 Apr 15 10:04:50
TransCanada asks U.S. for new pipeline amid Keystone XL delay $TRP http://t.co/saNjYYoPDn
SA Breaking News
24 Apr 15 09:59:20
TransCanada asks U.S. for new pipeline amid Keystone XL delay http://t.co/C8X9HyodWw $TRP
StockEarnings.com
24 Apr 15 01:50:21
$TRP ER on 5/1 Before Open. SP were DOWN 13 times out of last 20 qtrs (65%) in Earnings reactions http://t.co/orpowG4NYr
TickrWatch
23 Apr 15 10:09:36
#TRP TransCanada Rises Faintly Following News Announcement (NYSE: $TRP) http://t.co/FosHKsw1UP
ProTradersNews
23 Apr 15 09:43:03
$TRP: Prince Rupert Gas Transmission Announces Project Agreement with ...: http://t.co/rpqzFZmPs4
dailystockplays.com
22 Apr 15 14:58:58
ADX Uptrend http://t.co/pivRPUxzQ2 $SIVB $EQM $CYBR $WGP $TRP $PLXS $HF $TISI $GLP $KMF $ECHO $SJNK $HSTM $PAGP $BLCM $WBIG $AIG/WT $FCX
StockNewsWires
22 Apr 15 12:52:03
$TCP $TRP: TC Pipelines: Recent GTN Acquisition Is Immediately Accretive And ...: http://t.co/v33ic55wC8
Long & Short Ideas
22 Apr 15 12:46:08
TC Pipelines: Recent GTN Acquisition Is Immediately Accretive And A Positive Catalyst http://t.co/YU8JZuFIYU $TRP $TCP
Seeking Alpha
22 Apr 15 12:46:07
TC Pipelines: Recent GTN Acquisition Is Immediately Accretive And A Positive Catalyst http://t.co/rVtcthaAA6 $TRP $TCP
Jeff Bair
22 Apr 15 11:04:28
TransCanada mulls moving Canadian crude to Louisiana http://t.co/ThIGxeLXXk via @Reuters @kristenhays07 #cera #cera2015 $TRP
Market Int Center
22 Apr 15 05:34:07
TransCanada $TRP Trading Near $45.26 Support Level ( http://t.co/5059I3EOAt )
BreakingStocksNews
21 Apr 15 14:25:02
$TRP: TransCanada mulls ways to move Canadian crude to Louisiana (TRP): http://t.co/2shiAxrwEU
SA Breaking News
21 Apr 15 14:18:52
TransCanada mulls ways to move Canadian crude to Louisiana http://t.co/HgPwGYa5TR $TRP
Market Int Center
21 Apr 15 11:04:56
Potential TransCanada $TRP Trade Has 5.20% Downside Protection ( http://t.co/gpVB2DIUij )
FinancialJuice
21 Apr 15 10:00:50
TransCanada $TRP says that its Gulf Coast pipeline is running at a rate of around 400,000bpd #stocks
Breaking News Now
21 Apr 15 05:45:08
$TRP $GLOG: Technical Data on Oil and Gas Storage and Transportation Equities ...: http://t.co/QuDWem3k4l
MidstreamEnergy News
21 Apr 15 05:37:23
Proposed Northern Gateway pipeline faces challenges $ENB $KMI $TRP http://t.co/Yt4kU5VrDz
P****d Off :(
20 Apr 15 17:39:49
Proposed Northern Gateway pipeline faces challenges http://t.co/2eA4EGIIOz $ENB $KMI $TRP
paulo m medeiros
20 Apr 15 15:39:54
RT @EnvestorFirst: Where Is the Price of Oil Headed? Tertzakian Says It's Going To Be Choppy $TRP-D $UWTI $UNG $DWTI http://t.co/t6829nmK1L
Envestor First
20 Apr 15 15:37:12
Where Is the Price of Oil Headed? Tertzakian Says It's Going To Be Choppy $TRP-D $UWTI $UNG $DWTI http://t.co/t6829nmK1L
Roadmap2Retire
20 Apr 15 09:54:03
Proposed Northern Gateway pipeline faces challenges http://t.co/xDcuR8djNL $ENB $KMI $TRP
Quantpost Basic Mats
20 Apr 15 09:21:55
$KMI News: "Proposed Northern Gateway pipeline faces challenges $ENB $KMI $TRP" http://t.co/JpEsMhL5ox Analyze: https://t.co/qyCWa8IC8y
SA Breaking News
20 Apr 15 09:21:51
Proposed Northern Gateway pipeline faces challenges http://t.co/nvZ2Mxmsiy $ENB $KMI $TRP
Market Int Center
20 Apr 15 08:10:05
TransCanada $TRP Trading Near $45.40 Support Level ( http://t.co/yILgoeStEr )
Penny Stock Secret
20 Apr 15 05:34:10
$71,000 in ONE TRADE!! By Follwing Their Signals More Info Here http://t.co/NovWYe2RAx .. $TRNO $TROX $TRP
ProTradersNews
20 Apr 15 04:46:03
$TRP $GT: Rallying Stocks: First Republic Bank, (NYSE:FRC), TransCanada ...: http://t.co/zm7nbBKH8a
Sleek Money
18 Apr 15 20:05:28
TransCanada Given “BBB+” Credit Rating $TRP http://t.co/y9MnNFKdWZ
Louise Trencia
18 Apr 15 17:24:11
RT @montreal110: TransCanada's Energy East pipeline project fails to convince Quebec http://t.co/CBBioKUEaH $TRP #RVHQ
Bernard O'Bready
18 Apr 15 17:23:21
RT @montreal110: TransCanada's Energy East pipeline project fails to convince Quebec http://t.co/CBBioKUEaH $TRP #RVHQ
Marc st-cyr
18 Apr 15 17:20:50
TransCanada's Energy East pipeline project fails to convince Quebec http://t.co/CBBioKUEaH $TRP #RVHQ
Langan Stocks
18 Apr 15 07:02:05
Lucky Jimmy: TRP Stock up +0.63% percent Today $TRP High is at http://t.co/4xJNiLsFqd
clayton
17 Apr 15 22:41:08
TRP 46.13 Transcananda Pipelines $TRP added to my watch list. Right now with TRP I am watching the last price http://t.co/rtfGtaqX4s
clayton
17 Apr 15 22:40:47
$TRP TRP 46.13 Transcananda Pipelines $TRP stock added to my watch list. Right now with TRP I am watching the last http://t.co/hxGLP8jNp5
iHangout
17 Apr 15 22:02:06
Jake13: $TRP TransCanada Corporation: TRP Stock year to date has changed -6.05% http://t.co/zCm4CfrnrT
Jake13
17 Apr 15 22:00:32
TRP Year to date has changed -6.05% percent. +6.19% in the last 30 days. $TRP Transcananda Pipelines Full brea http://t.co/2bQ7hzntOv
Jake13
17 Apr 15 22:00:10
$TRP TRP Stock year to date has changed -6.05% percent. +6.19% in the last 30 days. $TRP Transcananda Pipelines Ful http://t.co/2EFSP8YmCe
chartguy89
17 Apr 15 21:26:15
TRP 46.13 Transcananda Pipelines Stock Charts $TRP Last Updated: 04/17/15 Last price: 46.13 Total volume: 1,01 http://t.co/8eCiAQijcS
chartguy89
17 Apr 15 21:25:59
$TRP TRP 46.13 Transcananda Pipelines Stock Charts $TRP Last Updated: 04/17/15 Last price: 46.13 Total volume: 1,01 http://t.co/caJmypTL6s
Lucky Jimmy
17 Apr 15 20:29:08
TRP Stock up +0.63% percent Today $TRP High is at 46.28 and the Low 45.66 with current volume of 1,019,819. Tr http://t.co/pnK6BnjmlQ
Lucky Jimmy
17 Apr 15 20:28:46
$TRP TRP up +0.63% percent Today $TRP Stock High is at 46.28 and the Low 45.66 with current volume of 1,019,819. Tr http://t.co/5ZLbJFnBrv
仮想世界に生きるゼオン@hoi4はよ
17 Apr 15 17:10:24
その後、オランダにも宣戦布告し、資源地帯であるマレー、インドネシアを我がものとすべく南方作戦を展開 当然アメリカの介入も懸念されたが、議会の反対もありアメリカは日本に抗議声明を送り、中国、連合国にさらなる支援を約束するだけに留まる #hoi2 $TRP
BNK Invest
17 Apr 15 13:16:20
TransCanada's Preferred Series 7 Shares Cross 4.5% Yield Mark $TRP.PRD.TO $TRP.TO #preferredstocks http://t.co/Q7bY0Jzvu2
Jeff Lewis
17 Apr 15 11:47:54
Negotiations delay TransCanada’s Bruce Power nuclear reactor updates, @smccarthy55 reports http://t.co/folEKNTt7s $TRP
SA Breaking News
17 Apr 15 07:59:08
TransCanada's Energy East pipeline project fails to convince Quebec http://t.co/LowcyUNCBa $TRP
				
				
By  +Follow October 3, 2013 12:37PM
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