transcanada pipelines (TRP) Message Board

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Gold/Mining/Energy : transcanada pipelines (TRP)

TRP 54.65

+0.1%

Dec 8 4:00 PM EST

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To: Vitalsigns who wrote (263)	5/17/2000 7:26:00 PM
From: Stephen O	Read Replies (3) of 292

Latest Rumours re: TransCanada 1) Conoco is buying the Canadian midstream (gathering, processing and extraction) for big bucks implying that TransCanada will get its $3 billion from assets sales or more. This seems unlikely given that preliminary, non-binding bids are only due this week and that data rooms have not been opened yet. 2) Onex and the Caisse will buy TransCanada and use the right-of-way for a new fibre optic route. While TransCanada is trading at a deep discount to its asset value, it is hard to see even a financial player buying the company now given the uncertainty with respect to the future regulatory environment. With respect to fibre optic potential, Call Net and 360 are already trying to sell existing fibre capacity.

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