Pipelines from Alaska; Sarah Palin and Energy Independence; Profit from this

While reading a New York Times article on recent Republican VP Selection Sarah Palin of Alaska, I discover this:

Her intense pursuit of a pipeline to deliver natural gas from the North Slope of Alaska to market in the Lower 48 led to what her administration has claimed as a major triumph: the Legislature this summer approved her plan to give a $500 million subsidy to TransCanada, a Canadian company, to help build the project.

I discover TransCanada is trading in the US as TRP.

TransCanada is $22 billion Canadian Company focusing on Pipelines and Energy.

There is a lot of natural resources in Alaska (even if there is controversy regarding drilling there). There is also a trend where the U.S. is trying its best to not have to depend on foreign oil.

These trends are good for Pipeline companies such as TransCanada, because eventually, Natural Gas and other resources could be marketed to the lower 48 states.

TRP has a forward PE of 16.58, and a yield of around 3.70%.