TransCanada is poised for the next natural gas boom - Joseph Lazzaro

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TransCanada is poised for the next natural gas boom
Sep 14, 2009 08:20 PM UTC

Joseph Lazzaro

Return	Risk
+1.12%	MID

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Symbol	Sentiment	Start	Return	Closed
TRP		09/14/09	+3.86%	11/21/09

Via BloggingStocks:

Filed under: Stocks to Buy

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.

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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.

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