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TransCanada's pipeline deal suggests safe now sexy

Crude oil pipeline being constructed by TransCanada Corp. in Atoka, Okla.
Daniel Acker | Bloomberg | Getty Images
Crude oil pipeline being constructed by TransCanada Corp. in Atoka, Okla.

TransCanada's $13 billion pipeline deal suggests safe is now sexy when it comes to energy M&A. Buying Columbia Pipeline bolsters the Canadian energy company's business of transporting gas to the Atlantic seaboard. The seller has ample cash and a backlog of lower-risk projects to build infrastructure. It all adds up to a prudent investment as markets sour on precarious boom-time assets.