Stock Monitor: Sea Limited Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 01, 2017 / Active-Investors issued a free report on TransCanada Corp. (NYSE: TRP), which is readily accessible upon registration at www.active-investors.com/registration-sg/?symbol=TRP as the Company's latest news hit the wire. On November 27, 2017, the Company announced that it has completed necessary repairs to the Keystone Pipeline and the Company's plans to restart the deliveries via Keystone Pipeline has received approval from the Pipeline and Hazardous Materials Safety Administration (PHMSA). Following the green signal from PHMSA, the Company will restart the Keystone Pipeline operations from November 28, 2017. TransCanada had shut down the entire pipeline after it had detected an oil spill of approximately 210,000 gallons near Amherst, South Dakota on November 16, 2017. Sign up now for our free research reports at:

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Active-Investors.com is currently working on the research report for Sea Limited (NYSE: SE), which also belongs to the Basic Materials sector as the Company TransCanada. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, TransCanada most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Corrective Action Order from PHMSA

As part of the directive in the Corrective Action Order from PHMSA dated November 28, 2017, TransCanada will operate the pipeline at a reduced pressure from November 28, 2017 onwards. The regulator has approved the Company's plan to return to service for the pipeline at 20% reduced pressure. This is to ensure that the crude oil being transported via the pipeline is done safely and the volume of crude oil is increased slowly. PHMSA has outlined the various other steps that the Company must take to restart its Keystone pipeline after the leak.

TransCanada has assured that it is in constant communication with PHMSA and working closely with the regulators to ensure that the pipeline resume normal operating conditions. The Company has also assured that it will comply with any future PHMSA orders and requirements related to the current incident to ensure the integrity of the pipeline.

The Company took the opportunity to thank local officials, emergency response personnel, and commissioners in Marshall County, as well as the landowner on whose land the oil spill occurred for their "continued cooperation and support". The Company also thanked its crews, contractors and businesses in the community for their support in helping the Company deal with the incident safely and quickly.

The Oil spill near Amherst, South Dakota

The Keystone Pipeline is 4,324 km (2,687 miles) long and plays a key role in delivering crude oil from Hardisty, Alberta, Canada to Patoka, Illinois, and to Port Arthur, Texas. The pipeline transports approximately 590,000 barrels of crude oil per day.

On November 16, 2017, TransCanada identified an oil spill in the Keystone pipeline near Amherst, South Dakota. The oil spill occurred on the pipeline segment between the Ludden Pump Station and Ferney Pump Station. The oil spill was in the rural agricultural area in Marshall County, South Dakota, approximately three miles southeast of Amherst.

The Company officials noticed a drop in the pressure in the operating system due to the leak and shut down the entire pipeline immediately on the same day. It informed the State and Federal regulators, including the Pipelines and Hazardous Materials Safety Administration (PHMSA) and the National Response Center (NRC) about the incident. It also brought in specialists from emergency management, engineering, environmental management, and safety to assess the damage and provide solutions for the clean-up activities.

Damage control

The Company and PHMSA worked together and identified the cause of the oil spill to a rupture in the pipeline. According to the preliminary analysis and findings released by PHMSA, the rupture "may have been caused by mechanical damage to the pipeline and coating associated with a weight installed on the pipeline in 2008. Weights are placed on the pipeline in areas where water could potentially result in buoyancy concerns". The Company was using two pipeline tools, including one for cleaning, around the time of the oil spill. Both tools passed the rupture point but neither of them detected the oil spill or rupture.

The section of the pipeline that was damaged is 30 inches in diameter was installed in 2008. This damaged section of the pipeline has been completely removed and sent to the National Transportation Safety Board laboratory in Virginia for further testing.

The Company is now focused on the removal of oil spill from the site and has hired contractors and specialists for the same. TransCanada has managed to recover at least 44,730 gallons of oil from the spill site so far.

About TransCanada

Alberta, Canada based TransCanada is one of the largest energy infrastructure Company in North America. It has more than 65 years' experience in providing a safe, stable network of natural gas, and crude oil pipelines, along with wind, solar, and nuclear power facilities.

Stock Performance Snapshot

November 30, 2017 - At Thursday's closing bell, TransCanada's stock slightly fell 0.37%, ending the trading session at $48.03.

Volume traded for the day: 1.96 million shares, which was above the 3-month average volume of 950.67 thousand shares.

Stock performance in the last month ? up 1.16%; previous six-month period ? up 2.34%; past twelve-month period ? up 7.14%; and year-to-date - up 6.38%

After yesterday's close, TransCanada's market cap was at $41.68 billion.

Price to Earnings (P/E) ratio was at 30.23.

The stock has a dividend yield of 4.11%.

The stock is part of the Basic Materials sector, categorized under the Oil & Gas Pipelines industry. This sector was up 1.0% at the end of the session.

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