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Some 15,000 pieces of pipe for TransCanada Corp.’s Keystone XL pipeline lie in a field in North Dakota on April 23, 2013.
Some 15,000 pieces of pipe for TransCanada Corp.’s Keystone XL pipeline lie in a field in North Dakota on April 23, 2013.
(NATHAN VANDERKLIPPE/THE GLOBE AND MAIL)

INSIDE THE MARKET

TransCanada is a long-term buy (regardless of Keystone outcome)

When you hear the name TransCanada Corp. these days, you’re likely to associate it with deep disappointment.

The company has become best-known among casual observers for its proposed $5.4-billion Keystone XL pipeline, an extension that would deliver 50 per cent of Alberta crude to refineries on the U.S. Gulf Coast – and the news on that front has been dismal.