transcanada name change 'de-emphasizes' canada for leery investors: analyst - energy storage companies

CALGARY -
Actions planned by TransCanada
Changing its name to TC Energy will help attract investors, and given Canada's recent difficulties in building Energy projects, they are "cautious" about putting money into any Canadian projectS. -
Financial analysts said Wednesday.
But the company and a Canadian financial analyst did not agree, saying the change of name acknowledged that TransCanada had grown abroad, including the most recent $13 --
Billion dollar purchaseS.
A growing number of projects in Colombia Pipeline Group and Mexico.
"While our strategy and priorities remain the same, we are confident that this new name will help further unite our employees and enable us to better connect with our different stakeholders, chief Executive Russ Girling said at a news conference on Wednesday.
"Whether they know that we are TC Energy in English, TC Energie in French, or TC Energia in Spanish, the communities we operate can continue to rely on us to fulfill our commitments, practice our values of safety, integrity, responsibility and collaboration in everything we do.
"A day after a rally in support of Northern B was held in cities across Canada, the change of name was announced. C.
Attempts to prevent the Aboriginal people of TransCanada's subsidiary from building the Coastal GasLink gas pipeline project through the disputed territory.
"Some investors are skeptical about investing in Canada.
I think it's an elimination.
To be frank, emphasize Canada, "said St. Jennifer Roland. Louis-
Analysts at Edward Jones pointed out that delays in building new oil pipelines have caused Alberta to impose crude oil production restrictions on its producers.
"Removing Canada from its name is a reminder to investors that it is not just a Canadian company, we have seen some challenges in Canada.
She said the change of name was reminiscent of Calgary's move --
Based on EnCana, reinvent yourself with a lower brand
The case "C" was in 2010, so
Highlight its Canadian roots. But Calgary-
Matthew Taylor, analyst at Tudor Pickering Holt
He said he accepted the company's explanation and added that the move had been discussed for some time.
"Implying that one of Canada's largest companies changed its name to keep a distance from Canadian policy?
"I don't know if I agree, and when most of their clients are still Canadians and who they interact with, they are still Canadians," he said . ".
He added that the company has good reason to be proud of its Canadian origin as it has a place in the Canadian company's stock market index and Canada's reputation in Mexico relative to the United States.
TransCanada says it has about 7,000 employees in North America, 3,500 in Canada and 3,200 in the United States. S.
There are 300 people in Mexico.
The company said the new name reflects its different commercial interests in the pipeline, power generation and energy storage operations in these three countries.
TransCanada vowed to keep its headquarters in Calgary and said it plans to continue trading on the Toronto and New York stock exchanges if shareholders approve the renaming at their next annual meeting.
TransCanada said on its website that the company was founded in 1951 to develop the TransCanada pipeline to deliver natural gas to Eastern customers in Western Canada.
The pipeline is now called the Canadian trunk line.
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