3 Energy Stock Stories to Close Out the Month
TransCanada Corp. (NYSE:TRP): Closing price $43.62
An aerial analysis by the market research firm Genscape indicates that the southern part of the Keystone XL pipeline is running behind schedule. Genscape reported that its photographs from flyovers of the construction area on August 18, together with other research, put its estimated date of service for the pipeline in the first quarter of 2014.
The pipeline owner, TransCanada, has said that the project will be finished by the end of the year, commenting in a press release that, “Genscape believes this estimate to be optimistic based on construction progress.”