
TSE:TRP
This summary was created by AI, based on 19 opinions in the last 12 months.
TC Energy (TRP) is viewed by experts as a solid investment in the midstream sector, particularly due to its strong position in natural gas infrastructure and a growing project backlog valued at $8 billion. While some analysts express concern over its high valuation relative to earnings, they appreciate its stability and utility-like characteristics, which provide consistent cash flows. The company has been experiencing volatility in its stock price tied to broader market movements, but many express confidence in its long-term prospects, particularly with the anticipated growth in pipeline infrastructure across North America. Despite varying opinions on the timing for new investments, several analysts highlight the potential for steady dividend growth and the importance of natural gas as a transition energy source. Overall, TRP is perceived as a reliable investment for income-focused strategies, though caution is advised regarding its current valuation levels and market sentiment.
The Federal government is anti-pipeline? He looks at either TRP-T and ENB-T for this space. He prefers the valuation of ENB-T at this time. He likes how TRP-T is re-inventing itself however. There is a big question mark around whether Keystone pipeline will actually get built. Any hint of failing to go forward could negatively impact the TRP-T share price.
and Enbridge He owns this and Enbridge, and likes both. They both pay good yields; TC pays around 4.5%. Both are highly levered, though. Pipelines and utilities can maintain revenues in a slowdown. For both, what are their long-term capital plans to maintain growth. They both have buoyant plans. He'd buy both.