TSE:TRP

TC Energy (TRP.TO)

83.17
-1.09 (1.29%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
1334 watching
0
TOP PICK
Pipelines are a good place to be in this tough market. Nat gas tailwinds. Really defensive. New purchase will be accretive in time. Lots of projects for growth. Trades at an undemanding 15x. Yield is 5.63%, with 4% dividend growth. (Analysts’ price target is $69.44)
PAST TOP PICK
(A Top Pick Aug 26/21, Up 12%) His return would have been higher had TRP not come to the market for equity recently, but that was done to finance pipelines in Mexico and BC. Opportunities for this company are strong. Natural gas in Canada is becoming more export-oriented, and TC is the only company in North American that can ship it given their pipeline system. He's been buying it.
TOP PICK
Well positioned in nat gas, power generation, energy. Fairly solid history of annual dividend increases. Pretty strong balance sheet. Issued shares to further strengthen balance sheet. Yield is 5.56%. (Analysts’ price target is $70.08)
BUY
A core holding for yield seekers. Very good company. They're less indebted than Enbridge. The dividend will continue to rise. You can own just one or two pipelines, and not all of them. Not a lot of growth. Buy for the dividend.
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Curated by Michael O'Reilly since 2020.
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PAST TOP PICK
(A Top Pick Feb 02/21, Up 21.3%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TRP has triggered its stop at $67. To remain disciplined, we recommend covering the position at this time.
Unspecified
It is going up even with rising interest rates. Be cautious putting new money into this when other companies in other sectors have much higher growth rates. The market is already pricing in recession.
BUY
At record high. Total return security for investors who want a dividend. Dividend should grow 3-5%. A nice core name for a conservative portfolio, expecting 10-15% capital gain potential and a nice, growing dividend. At the right time, he'd consider adding. Yield is 4.9%.
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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Feb 02/21, Up 32.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TRP is progressing well. We now recommend trailing up the stop (from $62) to $67 at this time.
BUY
TRP vs. ENB TRP has been under pressure about the dividend. If energy prices remain this high, then it's probably sustainable. Both are a good play right now. He prefers companies with ability to grow dividends. Energy level will continue to be high, as long as sanctions are in place and that will be for a while. TFSA is a good place to own this. Federal budget next week will probably affect the investment sector, but he can't predict how.
BUY
and ENB He owns both. ENB is a top energy infrastructure company that moves crude oil. TC is more focused on natural gas, plus holds utility-like assets. Both grow their dividends and are in a good place as companies wean themselves off Russia and with more infrastructure spending to come. A safe way to own energy, which is through their infrastructure.
BUY
He's owned this forever. Pipelines are a nice building block for portfolios.
SELL ON STRENGTH
Really expensive here. He's expecting a pullback with all that's going on. If there were a meaningful pullback of 15-20%, he'd load up on it again.
COMMENT

Good to own for income. Spiking oil prices--if they stay high--could lead to oil producers drilling more. This benefit pipeline companies, because they will carry more product and lead to more pipeline growth. TRP and pipeline companies are very stable; their pipes are already in the growth. Their customers' growth drives TRP's growth, and eventually raises their dividend.

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Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Feb 02/21, Up 26.8%)Stockchase Research Editor: Michael O’Reilly Our PAST TOP PICK with TRP has achieved its $70 objective. To remain disciplined, we recommend covering half the position and trailing up the stop (from $54) to $62.
SELL
Likes it, but stock has run. Sold on valuation, in favour of better opportunities. Tremendous growth profile underpinned by power generation and nat gas business. Excellent management. Growth profile of renewable IPPs is better and more sustainable, as it won't go through a bust any time soon and growth is visible.
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