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Stock impact report

UPDATE 3-TransCanada to proceed with Canada gas line expansion, profit beats [Reuters]

TC Energy Corporation (TRP) 
Last tc energy corporation earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
Company Research Source: Reuters
TransCanada to proceed with Canada gas line expansion, beats profit | Reuters Reuters Staff 3 Min Read (Reuters) - TransCanada Corp ( TRP.TO ) ( TRP.N ), Canada’s second largest pipeline operator, said on Thursday that it would go ahead with the C$2.4 billion ($1.9 billion) expansion of its NGTL natural gas system, boosting pipeline access for producers in Western Canada’s gas-rich basins. The Calgary-based company also reported a strong fourth quarter profit, beating market expectations, sending its shares up 5.7 percent to C$56.71 on the Toronto Stock Exchange. TransCanada said the expansion of its Nova Gas Transmission Line (NGTL), which moves gas from Alberta and British Columbia to markets all over North America, will boost basin export capacity by one billion cubic feet per day (bcfd). The expansion will also connect new supply in low-cost basins like the Montney and Duvernay formations, which Canadian producers and global oil majors say could rival the most prolific U.S. sh Show less Read more
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