News that the U.S. State Department is set to reject TransCanada’s proposed Keystone XL pipeline sent the company’s stock reeling this morning. TransCanada shares fell by over US$2 around midday, to a low of US$39.74 in New York, though they regained ground later in the day. The U.S. State Department is holding briefing on Keystone at 3 p.m. ET.
Expected Keystone rejection slams TransCanada stock
Shares fell by over $2 before regaining ground