Looking to take a position in TransCanada — I believe that the bloody republican primary (and honestly, lack of feasible candidates) has handed Obama a second term. I’m certain that at this very moment a significant amount of his brain trust is focused on the political calculus of figuring out how and when to let the Keystone XL pipeline through.
The jobs and resource security are too important to give up — though the appearance of environmental care must be upheld. I could see a preliminary agreement in place a few months before November thereby delivering a one-two to Mr. Romney (because honestly, Santorum?).
Anyway, its currently pretty volatile but I like our chances over the next few months. Picked up 350 shares at $43.44.