TSE:TRP

TC Energy (TRP.TO)

83.17
-1.09 (1.29%)
as of Sep 25, 2026, 8:00:00 pm Market Open.
1335 watching
0
BUY
(Market Call Minute) Firmly in the pipeline space, strong part of market space.
DON'T BUY
Have never felt comfortable paying the multiples that this trades at. Doesn't really have a lot of potential growth ahead of it. Keystone will still happen but this is still a regulated utility limits on how fast they can grow. Trading at 15-16 times earnings. He prefers something with good growth potential to it.
COMMENT
Enbridge (ENB-T) or TransCanada (TRP-T)? On a short-term basis, both of them are pretty expensive. He would wait for opportunities to pick them up in a correction. They are both trading at PE’s that are above the market. Just pick the cheapest one at the time. Both have great long-term prospects.
PAST TOP PICK
(A Top Pick Apr 6/11. Up 13.34%.)
HOLD
Not a big fan of the utilities right now. They are safe havens and the prices are really high right now, relative to their earnings. There is a lot of expectation built in but at the same time, you will still get that 3%-4% decent yield. You are getting almost 5%-6% increases in dividends. If Keystone goes through, this will be the next big boom for them.
HOLD
Share price performance will be somewhat range bound over the next few months because there has to be some resolution on items such as the northern leg of Keystone as well as the ruling on the tolls on the mainline. Also having discussions around the New York power market. Once these issues are resolved you will see some decent price appreciation.
PAST TOP PICK
(Top Pick Apr 6/11, Up 12.20%) Likes it with or without keystone. Likes the growth prospects. Lots of other projects besides Keystone. He cut to a single weight.
PAST TOP PICK
(Top Pick Nov 30/11, Up 3.71%) Announced 2.8 billion in new purchases. Good buy, but there is noise.
COMMENT
Cdn Nat Resources (CNQ-T) or Trans Canada (TRP-T)? Likes and owns both companies. Risk profiles are quite different. This is a pipeline company and a lot of pipelines are regulated, so much steadier and pays a higher dividend.
WAIT
A lot of activity on the name on account of Keystone pipeline issues. A safe dividend paying stock but there's (?) news flow issues surrounding the name. He would wait for some clarity on the Keystone issue.
TOP PICK
(A Top Pick Oct 5/11. Up 4.16%.) Keystone is one of those issues that is into the stock and when it gets resolved, which he expects, it will be good for the stock. Keystone is not that material in relation to all its other businesses. This company will grow its earnings and, more importantly, it will grow the dividend. 4.2% yield which will grow 5%-6% over the next 5 years.
PAST TOP PICK
(A Top Pick Feb 28/11. Up 11.89%.)
TOP PICK
Keystone has now come out of the valuation but he thinks it will come although it will take a couple of years. 4% yield. Good entry point.
HOLD
Sold it because of negative keystone outcome. Thinks that in fact you will see the keystone pipeline built. There is too much pressure from American politicians for the jobs and oil. Thinks it will get built but it is dead money for 6 months except for the dividend. Doesn’t see any tragedies for them.
BUY
Did a little profit taking about a month ago. This whole issue is not going to come back until after the election. He is happy holding it whether keystone goes ahead or not.
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