Beulah sells TRP 32.29: Lowe currently serves as the non-executive Chairman of Apache Corporation's board of directors and also on the board of directors for Phillips 66. He also acts as a Senior Executive Adviser at Tudor Pickering, Holt & Co.

For these reasons, I believe that the company represents a solid purchase at current prices with impressive potential to continue growing. More so, future dropdowns from parent company TransCanada (NYSE: TRP ) has the potential to more than double the company's size. Despite this, the company has a strong history of increasing distributions and has continued increasing its distributions. With doubled-size comes doubled-distribution especially because TransCanada's significant stake in the MLP means that the distributions provide them with solid revenue. The company also has an investment grade credit rating and dropdowns are expected to continue with future dropdowns having the potential to double TCP's size.

Jana:
The majority of the company's earnings come from its six FERC-regulated interstate natural gas pipelines all backed by long-term ship-or-pay contracts.

Ardelle:
The company has managed to increase its distribution for 16 consecutive quarters coupled with a 6% increase in the most recent quarter.

Gwen:
The dropdown of this asset will provide a nice boost to TCP's earnings.

Daphne:
The ANR pipeline is a major pipeline which moves from the U.S. state of Michigan all the way down to the Gulf Coast.

Brigette:
Most importantly, TransCanada owns 100% of the ANR pipeline which has yet to be dropped down.

Lasandra:
Once these assets have been dropped down, this should provide a significant boost to TransCanada's earnings.

Mignon:
TransCanada has committed to dropping down all of its U.S. natural gas pipeline assets to TCP over time with significant assets remaining to be dropped down.

Janice:
Most of its assets branch out from Canada going to Cushing, the Gulf Coast, or other major oil centers.

Teressa:
However, with that said, I personally tend to prefer companies that are more focused on reducing their share count then they are on increasing it.

Han:
At the same time, the weighted average of all common shares outstanding increased by roughly 3%. This represents a modest growth in share count over a one year period.

Transcananda Pipelines (NYSE:TRP)
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