The TRP stock price is down 13.8% this year. It bottomed out earlier this week, closing at a 52-week low on Monday.
The bearish sentiment makes sense due to the failure of the Keystone XL pipeline bill.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The TRP stock price is down 13.8% this year. It bottomed out earlier this week, closing at a 52-week low on Monday.
The bearish sentiment makes sense due to the failure of the Keystone XL pipeline bill.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
The TRP stock price is down 13.8% this year. It bottomed out earlier this week, closing at a 52-week low on Monday.
The bearish sentiment makes sense due to the failure of the Keystone XL pipeline bill.
By Alex McGuire, Associate Editor, Money Morning • @AlexMcGuire92 -
TransCanada Corp. (NYSE: TRP) stock has become synonymous with the Keystone pipeline. That's because it's the most drawn out controversy in the history of North American oil production.
But the Keystone XL is irrelevant when considering whether to buy TRP stock. In fact, TRP stock is poised to gain handsomely in the near future - XL or no XL.
Here's why it's a buy right now...