TSE:TRP

TC Energy (TRP.TO)

86.85
+1.08 (1.26%)
as of Oct 20, 2026, 8:00:00 pm Market Open.
1334 watching
0
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.
COMMENT
TRP vs. ENB ENB has a nice yield, but it's paying out too much. Balance sheet is slipping. Still waiting for US acquisition to produce solid earnings. Shares running up against strong technical resistance of $37. FMV is only 15% higher. Do you hang on and wait, or sell at technical resistance? Flip a coin and choose. As for TRP, it's almost right at 2x book, which is significant technical support/resistance. Which means potential for $86 on the upside, $60 on the downside. Take that coin and flip it again. He's not trying to be cute. Sometimes share direction is in the lap of the gods. If you simply hang on, you'll be all right as you earn a dividend while you wait. Depends on your time horizon and short-term risk tolerance. If you have a long horizon, sit back and enjoy the income, and don't look at the share price every week.
BUY ON WEAKNESS
Nothing wrong with it. It is pretty cheap with a great dividend. Safe - good blue chip. Would pick over Enbridge. See previous Enbridge comments. Accumulate on weakness.
BUY
TRP vs. ENB Tough call, he owns both. Quite similar, but different. Loves infrastructure, as it's impossible to build more these days. ENB is more oily, whereas TRP is more into nat gas. Both solid, dividend growers, great cashflow. TRP is more focused on renewables. Both going in that direction. Both stocks were hammered recently for different reasons, buying opportunity.
WEAK BUY
TRP vs. ENB vs. PPL No quarrel with an investment in this. Mid-stream assets are strategic, critical, long-life, and attract high valuations. His preference would be ENB or PPL, on valuation and business mix.
COMMENT
Owns company in TFSA. Company moving towards natural gas in pipelines. Stock struggling because pipeline to USA blocked (Keystone). Will grow dividend at ~5%. Not huge expectations on stock price movements.
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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 6.7%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with TRP is progressing well. We now recommend trailing up the stop (from $47) to $54.
BUY
Selloff in mid-streams favours owning them over a producer like CVE. Producers are more commodity exposed, with risks of labour cost inflation and supply chain shortages. He prefers names like ENB, PPL, and TRP with their healthy dividends and less volatility.
BUY
He has a bias towards Canadian mid-streams right now. ENB and TRP have sold off materially. With Keystone behind TRP, it can focus on the growth ahead. Pipelines are impossible to build now. Existing value will continue to creep up.
PAST TOP PICK
(A Top Pick Nov 04/20, Up 22%) Definitely would buy it again. The stock was on a nice trend until they adjusted down their dividend growth. The market took it negatively, but he notes that the dividend is nearly 6% and it's grown 7.5% annually for the last 10 years, doubled the dividend in the last 10 years. He's happy with TC, and their positioning in LNG.
HOLD
Fine as an income stock. She owns ENB and PPL instead. Difficult to build new pipeline infrastructure. Has lagged, perhaps because the others have more crude oil.
BUY
He prefers this over ENB-T because the future for Nat Gas is brighter than oil.
DON'T BUY
US government stopped its line. Overhang of negativity. Upside potential is 25-26% from here. What's the fundamental underlying trend of book value? With TRP, it's been up and flattening. No overwhelming urge to get in. Trading right up at one of its resistance targets of $67.50. Be very careful. If it busts out, look for $84-85, but no evidence of that happening. Nice yield of 5.2% is not enough to entice him.
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