TransCanada Corp said on Wednesday it could start building the portion of its planned Keystone XL pipeline that runs from Cushing, Oklahoma, to the Gulf of Mexico, even as it awaits U.S. approval for the project as a whole.The company said its customers are eager for a way to move oil from the glutted Cushing storage hub to the Gulf Coast, where refineries are paying a premium for crude.TransCanada was able to offer few details on the potential plan and has not yet revealed the costs or how much crude the line would take from the Cushing hub."It's way too early in the process to speculate on those things," Russ Girling, TransCanada's chief executive, told reporters. "We have not sat down with our shippers, we have not sat down with our regulator ... We haven't commenced those conversations."
TransCanada Corporation (TransCanada) is a North American energy infrastructure company focused on natural gas pipelines, oil pipelines and energy. Shares of TRP traded higher by 0.26% or $0.105/share to $40.02. In the past year, the shares have traded as low as $34.90 and as high as $45.09. On average, 870912 shares of TRP exchange hands on a given day and today's volume is recorded at 990622.
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