TransCanada surprised over EPA reaction

Stockhouse Editorial
0 Comments| April 23, 2013

(Canadian Press) CALGARY _ TransCanada Corp. (TSX: T.TRP, Stock Forum) said it's somewhat surprised at the U.S Environmental Protection Agency's recent critical comments of its proposed Keystone XL pipeline.

TransCanada said it has had a co-operative relationship with the EPA throughout the four-year-plus review of the project.

On Monday, the EPA publicly denounced for a second time the U.S. State Department's favourable environmental review of the pipeline.

On Tuesday, TransCanada gained 2.3% and was trading at $$49.71 a share. The company had a market cap of $35.1 billion, based on 706.4 million shares outstanding. The 52-week high and low was $50.08 and $41.47 respectively.

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