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May 1, 2006
UBS updates report on TransCanada Cp, Mon., May 1, 2006, 2:28 PM
Two weeks ago, I suggested that it might be timely to have a look at what traders in Canada call the "trap". TransCanada Corp (NYSE and TSX: TRP) is a diversified sector 55 company.
I'll let the UBS research analyst state his opinion: "We believe TransCanada continues to be well positioned for selected growth opportunities, including: Northern natural gas (Alaska and the Delta); Bruce Power (nuclear); and, selected infrastructure projects (eg. LNG and power plants)."
Of course, he also covers the risks: "TransCanada is subject to a number of risks, including: interest rates; commodity prices; and, pipeline volumes. Moreover, in any regulated business, one should never underestimate the power of the regulator."
This report is an update on the one I produced here a couple weeks ago. Download file
The price is down about $0.50 since then, and the PE is about 13 and dividend yield is about 3.70 pct. For a diversified utility, TRP is a pretty good one.
Posted by Posted by Bill Cara on May 1, 2006 02:29:58 PM | Category: 55 Utilities , Canada
Here is a Reuters article regarding junior miners better than majors and the hedging of gold -
http://today.reuters.com/business/newsarticle.aspx?type=naturalResources&storyID=nSYD190058
Posted by: davidtr4![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
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May 1, 2006 2:54 PM [link]