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- Sep 2, 2007
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1108ALTA
Risk-free pipeline projects make sense
In the midst of the market mayhem, something surprising happened last week; two Calgary-based pipeline companies raised almost $2 billion from the debt and equity markets.
First out of the blocks was TransCanada Pipelines, tapping the public equity markets for a total take of $1 billion priced at $33 per share. The shares closed Monday at $32.22, up 27 cents.
http://www.canada.com/calgaryherald/news/c...10-a24740a8f9f5
Risk-free pipeline projects make sense
In the midst of the market mayhem, something surprising happened last week; two Calgary-based pipeline companies raised almost $2 billion from the debt and equity markets.
First out of the blocks was TransCanada Pipelines, tapping the public equity markets for a total take of $1 billion priced at $33 per share. The shares closed Monday at $32.22, up 27 cents.
http://www.canada.com/calgaryherald/news/c...10-a24740a8f9f5