
TSE:TRP
This summary was created by AI, based on 20 opinions in the last 12 months.
TC Energy (TRP) is perceived as a stable investment within the energy sector, particularly due to its strong positioning in natural gas infrastructure. Most experts agree that while the company has experienced significant price increases recently, concerns about its current valuation being on the high side have emerged. The consensus leans towards waiting for a better entry point given the potential for lower valuations in the near future. Many analysts appreciate the dividend yield and contracted cash flows, along with the company's long-term growth prospects; however, they caution against entering at the current prices due to perceived overvaluation. Overall, the views on TRP showcase a blend of appreciation for its stability and dividend payouts, tempered by the outlook for a cooling in growth expectations.
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.
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.