The Keystone Pipeline may not have been built, but TransCanada (NYSE:TRP) continues to be a major player in the midstream energy business. Tyler Crowe, in this video, explains how TransCanada not only moves oil, but also moves natural gas, and produces electricity from a variety of sources (e.g. natural gas, hydroelectric, or nuclear). While the current P/E is a bit high, TransCanada plans on spending $12 billion in the next three years on building out its business. This buildout should add significant revenues, and makes the company worth the high multiple it sells for.
Austin Smith has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
