Q: With the decision today that the ICSID refused to hear Transcanada’s case, what do you think the impact on the stock price will be?
5i Research Answer:
TRP has risen in seven straight trading days, so investors clearly don't seem too concerned. The tribunal case was viewed as a long shot anyway, and TRP had not included any claims in its economic forecasts. Disappointing news, for sure, but not likely to impact the stock much as we think investors had largely already discounted a loss here.