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TRP

TransCanada

$41.39

0.925 (2.29%)

, RDS.A

Royal Dutch Shell

$69.31

1.18 (1.73%)

08:09
10/02/18
10/02
08:09
10/02/18
08:09

TransCanada to construct Coastal GasLink pipeline project

TransCanada Corporation (TRP) announced that it will proceed with construction of the Coastal GasLink pipeline project after a decision to sanction the LNG Canada natural gas liquefaction facility in Kitimat, British Columbia was announced earlier by the joint venture participants of LNG Canada, a consortium comprised of Shell (RDS.A), PETRONAS, PetroChina (PTR), Mitsubishi Corporation and KOGAS. Coastal GasLink is a 670-kilometre pipeline designed to transport natural gas from the Montney gas-producing region near Dawson Creek, B.C. to the LNG Canada facility in Kitimat. The pipeline will have an initial capacity of approximately 2.1 billion cubic feet per day with the potential for expansion of up to approximately 5 Bcf/day. Construction activities are expected to begin in early 2019 with a planned in-service date in 2023.The estimated C$6.2 billion project is underpinned by 25-year transportation service agreements entered into with the LNG Canada Participants and includes pre-development costs to date of approximately $470 million. The majority of the spend on construction will occur in 2020 and 2021. Subject to terms and conditions, differences between the estimated capital cost and final cost of the project will be recovered in future pipeline tolls. As part of the funding plan, TransCanada intends to explore joint venture partners and project financing for Coastal GasLink and has retained RBC Capital Markets as advisors.

TRP

TransCanada

$41.39

0.925 (2.29%)

RDS.A

Royal Dutch Shell

$69.31

1.18 (1.73%)

RDS.B

Royal Dutch Shell

$71.59

0.66 (0.93%)

PTR

PetroChina

$82.91

1.41 (1.73%)

TRP TransCanada
$41.39

0.925 (2.29%)

06/20/18
KEYB
06/20/18
NO CHANGE
KEYB
Overweight
Quanta missed out on TransCanada bid, but opportunities remain, says KeyBanc
KeyBanc analyst Tahira Afzal noted that TransCanada (TRP) announced the conditional selection of contractors to construct the Coastal GasLink Pipeline Project and pointed out that an unsuccessful bid was made by Quanta Services (PWR). While missing out on this contract is disappointing, Afzal highlights that Quanta remains disciplined on price and said several other pipeline opportunities in Canada could still support the upper end of the company's 2018 oil and gas projections. The analyst keeps an Overweight rating on Quanta shares.
05/14/18
SBSH
05/14/18
DOWNGRADE
SBSH
Neutral
TC PipeLines downgraded to Neutral from Buy at Citi
Citi analyst Vikram Bagri downgraded TC PipeLines (TCP) to Neutral from Buy citing uncertainty from the recent FERC policy changes and his view that the company's proactive distribution cut could be followed by a further reduction. Given the lack of support from parent TransCanada (TRP), he sees better risk/reward opportunities elsewhere, Bagri tells investors.
04/30/18
RBCM
04/30/18
NO CHANGE
Target $65
RBCM
Outperform
TransCanada price target lowered to CAD65 from CAD76 at RBC Capital
RBC Capital analyst Robert Kwan lowered his price target on TransCanada to CAD65, reflecting lower sector valuations and the impending S&P downgrade after the rating agency indicated that it will not reconsider the profile after the Columbia acquisition to require 18% FFO/debt ratio. The analyst keeps his Outperform rating however, citing TransCanada's solid earnings and cash flow delivery while calling the stock his "best idea" in the space.
03/22/18
WELS
03/22/18
DOWNGRADE
WELS
Market Perform
TransCanada downgraded to Market Perform from Outperform at Wells Fargo
Wells Fargo analyst Praneeth Satish downgraded TransCanada to Market Perform citing the impact of the recent FERC ruling on cost of service pipelines. The analyst cut his price target for the shares to C$62 from C$76.
RDS.A Royal Dutch Shell
$69.31

1.18 (1.73%)

08/31/18
SANT
08/31/18
UPGRADE
SANT
Hold
Royal Dutch Shell upgraded to Hold from Underperform at Santander
08/31/18
08/31/18
NO CHANGE

On The Fly: Top five analyst actions
Catch up on today's top five analyst actions with this list compiled by The Fly: 1. BP (BP) and Royal Dutch Shell (RDS.A) were upgraded to Hold from Underperform at Santander. 2. Dollar Tree (DLTR) downgraded to Market Perform from Outperform at Telsey Advisory. 3. Electronic Arts (EA) and Activision Blizzard (ATVI) were downgraded to Neutral from Buy at BofA/Merrill. 4. Gain Capital (GCAP) initiated with a Neutral at JPMorgan. 5. Avaya (AVYA) initiated with a Neutral at Citi. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/11/18
BREN
09/11/18
INITIATION
BREN
Hold
Royal Dutch Shell initiated with a Hold at Berenberg
Berenberg analyst Henry Tarr started Royal Dutch Shell with a Hold rating and EUR 31 price target.
09/28/18
STFL
09/28/18
NO CHANGE
Target $5
STFL
Buy
Stifel reiterates Buy on Civeo as Shell seems close to starting LNG project
Noting that several reports over the last few days indicate a positive decision about a Shell-led (RDS.A) LNG project in Western Canada could be announced as soon as next week, Stifel analyst Stephen Gengaro reiterated his Buy rating and $5 price target on shares of Civeo (CVEO), for whom he has previously said the Shell project could be a "game-changer." If the LNG project receives a positive final investment decision, he believes Civeo will benefit via its ownership of Sitka Lodge, its 40% owned joint venture with Bird Construction and the potential for a long-term project for Civeo to provide ancillary services, said Gengaro.
RDS.B Royal Dutch Shell
$71.59

0.66 (0.93%)

11/03/17
SOCG
11/03/17
DOWNGRADE
SOCG
Hold
Royal Dutch Shell downgraded to Hold from Buy at Societe Generale
Societe Generale downgraded Royal Dutch Shell to Hold citing valuation.
PTR PetroChina
$82.91

1.41 (1.73%)

05/28/18
BERN
05/28/18
UPGRADE
BERN
Outperform
PetroChina upgraded to Outperform from Market Perform at Bernstein
05/01/18
HSBC
05/01/18
UPGRADE
HSBC
Buy
PetroChina upgraded to Buy from Hold at HSBC
HSBC analyst Thomas Hilboldt upgraded PetroChina to Buy saying Q1 results indicate stabilized production and an improved outlook.
04/04/18
BNPP
04/04/18
UPGRADE
BNPP
Buy
PetroChina upgraded to Buy from Hold at BNP Paribas
03/05/18
MACQ
03/05/18
UPGRADE
MACQ
Outperform
PetroChina upgraded to Outperform from Neutral at Macquarie

TODAY'S FREE FLY STORIES

F

Ford

$8.41

0.055 (0.66%)

15:40
10/22/18
10/22
15:40
10/22/18
15:40
Options
Ford option volume is 2X daily average ahead of earnings »

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SCG

Scana

$36.75

-4.14 (-10.12%)

15:39
10/22/18
10/22
15:39
10/22/18
15:39
Hot Stocks
Breaking Hot Stocks news story on Scana 

SCANA trading resumes

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PETX

Aratana Therapeutics

$5.20

-0.15 (-2.80%)

15:38
10/22/18
10/22
15:38
10/22/18
15:38
Periodicals
Aratana Therapeutics exploring strategic alternatives, Dealreporter says »

Aratana Therapeutics,…

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  • 02

    Nov

LOGI

Logitech

$40.00

0.88 (2.25%)

15:34
10/22/18
10/22
15:34
10/22/18
15:34
Options
Logitech options imply 10.3% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 23

    Oct

LLY

Eli Lilly

$111.85

-0.06 (-0.05%)

15:32
10/22/18
10/22
15:32
10/22/18
15:32
Hot Stocks
Eli Lilly announces 'positive' results for two Phase 3 studies of Taltz »

Eli Lilly announced that…

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  • 06

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SCG

Scana

$36.46

-4.43 (-10.83%)

, D

Dominion

$73.31

-0.215 (-0.29%)

15:27
10/22/18
10/22
15:27
10/22/18
15:27
Hot Stocks
SCANA says SC judge indicated no final decision has been reached »

SCANA issued the…

SCG

Scana

$36.46

-4.43 (-10.83%)

D

Dominion

$73.31

-0.215 (-0.29%)

03/08/13
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15:25
10/22/18
10/22
15:25
10/22/18
15:25
Conference/Events
UBS LatAm Equity Research Analyst to hold an analyst/industry conference call »

LatAm Equity…

NKTR

Nektar

$40.00

-8.23 (-17.06%)

, RHHBY

Roche

$0.00

(0.00%)

15:24
10/22/18
10/22
15:24
10/22/18
15:24
Hot Stocks
Nektar Therapeutics plunges as Roche data seen as concern »

Shares of Nektar…

NKTR

Nektar

$40.00

-8.23 (-17.06%)

RHHBY

Roche

$0.00

(0.00%)

LLY

Eli Lilly

$111.88

-0.03 (-0.03%)

BMY

Bristol-Myers

$50.90

-3.41 (-6.28%)

03/08/13
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SCG

Scana

$36.13

-4.76 (-11.64%)

15:20
10/22/18
10/22
15:20
10/22/18
15:20
Hot Stocks
Breaking Hot Stocks news story on Scana »

SCANA trading halted,…

03/08/13
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03/06/13
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CAT

Caterpillar

$130.96

-0.41 (-0.31%)

15:20
10/22/18
10/22
15:20
10/22/18
15:20
Options
Second day of interest in Caterpillar weekly puts ahead of earnings »

Second day of interest in…

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  • 23

    Oct

SLM

Sallie Mae

$10.57

-0.01 (-0.09%)

15:19
10/22/18
10/22
15:19
10/22/18
15:19
Options
Sallie Mae options imply 6.3% move in share price post-earnings, above median historical move »

Pre-earnings options…

03/08/13
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03/06/13
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  • 23

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
10/22/18
10/22
15:17
10/22/18
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
10/22/18
10/22
15:16
10/22/18
15:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

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RL

Ralph Lauren

$127.64

4.15 (3.36%)

15:15
10/22/18
10/22
15:15
10/22/18
15:15
Options
Ralph Lauren put volume heavy and directionally bearish »

Bearish flow noted in…

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03/06/13
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  • 06

    Nov

15:15
10/22/18
10/22
15:15
10/22/18
15:15
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

AJG

Arthur J. Gallagher

$72.68

-0.005 (-0.01%)

15:10
10/22/18
10/22
15:10
10/22/18
15:10
Hot Stocks
Arthur J. Gallagher acquires Richter International Consulting, terms undisclosed »

Arthur J. Gallagher &…

03/08/13
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  • 25

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UBSFY

Ubisoft

$0.00

(0.00%)

, EA

Electronic Arts

$101.96

-0.11 (-0.11%)

15:07
10/22/18
10/22
15:07
10/22/18
15:07
Periodicals
EA Motive founder Raymond to leave company, VentureBeat reports »

EA Motive (EA) studio…

UBSFY

Ubisoft

$0.00

(0.00%)

EA

Electronic Arts

$101.96

-0.11 (-0.11%)

03/08/13
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  • 30

    Oct

VAR

Varian Medical

$103.96

-0.285 (-0.27%)

15:06
10/22/18
10/22
15:06
10/22/18
15:06
Conference/Events
Varian Medical to host investor meeting »

Investor meeting to be…

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  • 23

    Oct

CDNS

Cadence Design

$40.68

0.55 (1.37%)

15:04
10/22/18
10/22
15:04
10/22/18
15:04
Options
Cadence Design options imply 7.0% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 22

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FDC

First Data

$23.19

-0.22 (-0.94%)

15:03
10/22/18
10/22
15:03
10/22/18
15:03
Hot Stocks
First Data to refinance revolving credit facility and certain other indebtedness »

First Data announced that…

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  • 22

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    Mar

CSBR

Champions Oncology

$12.10

-0.61 (-4.80%)

15:00
10/22/18
10/22
15:00
10/22/18
15:00
Conference/Events
Champions Oncology management to meet with Craig-Hallum »

Meetings to be held in…

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  • 23

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SCG

Scana

$36.09

-4.8 (-11.74%)

, D

Dominion

$73.39

-0.135 (-0.18%)

14:57
10/22/18
10/22
14:57
10/22/18
14:57
Periodicals
SC senator: Law on nuclear construction to be deemed unconstitutional, CBJ says »

South Carolina state…

SCG

Scana

$36.09

-4.8 (-11.74%)

D

Dominion

$73.39

-0.135 (-0.18%)

03/08/13
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03/06/13
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03/06/13
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  • 05

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SCG

Scana

$36.43

-4.46 (-10.91%)

, D

Dominion

$73.29

-0.235 (-0.32%)

14:55
10/22/18
10/22
14:55
10/22/18
14:55
Periodicals
Breaking Periodicals news story on Scana, Dominion »

Dominion declines comment…

SCG

Scana

$36.43

-4.46 (-10.91%)

D

Dominion

$73.29

-0.235 (-0.32%)

03/08/13
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03/06/13
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  • 05

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SYMC

Symantec

$19.73

0.06 (0.31%)

14:50
10/22/18
10/22
14:50
10/22/18
14:50
Options
Sweep buyer of Symantec call options »

Sweep buyer of Symantec…

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03/06/13
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03/06/13
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  • 22

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AMTD

TD Ameritrade

$50.05

-0.44 (-0.87%)

14:49
10/22/18
10/22
14:49
10/22/18
14:49
Options
TD Ameritrade options imply 5.8% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 23

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