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TransCanada Higher in TSX, U.S.; Seeks Shippers for Oklahoma-Texas Oil Pipeline

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TransCanada Corp. (TRP.TO) was higher at $41.41 on the Toronto Stock Exchange by 1% and was also up in the United States at US$42.18 after announcing that it is shipping seekers for its oil pipeline from Oklahoma to Texas.

The company held a successful open season in 2010 allowing the project to proceed subject to regulatory approvals and provide transportation of U.S. crude oil production from Cushing to Port Arthur by mid-2013. It is now seeking additional commitments to deliver crude oil to Port Arthur as well as commitments for new service to Houston.

Companies: TransCanada Corp.

Price: US$42.18. Price Change: +0.83. Percent Change: +2.0.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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