TSE:TRP

TC Energy (TRP.TO)

95.83
+0.08 (0.08%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
1335 watching
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Investor Insights
star iconJun 6, 2026, 12:00 am

This summary was created by AI, based on 19 opinions in the last 12 months.

TC Energy (TRP) is a prominent player in the natural gas infrastructure space, characterized by its strong contracted cash flows and utility-like stability. Multiple reviews express confidence in its long-term prospects, indicating that despite recent price volatility and a premium valuation, its foundational business model remains robust. Experts highlight its significant project backlog and the strategic shift towards clean energy, particularly natural gas, amidst a global pivot away from coal. While cautious sentiment regarding its current valuation is present, many see it as a solid income-generating investment, particularly with future pipeline expansions in North America. The overall outlook is positive, emphasizing the potential for steady growth driven by essential energy needs.

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Consensus
Hold
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Valuation
Overvalued
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ENB,ENB
COMMENT
Have a lot of issues in front of them, Keystone being one of a few. PE is 18X this year’s earnings and 16X next year’s. Little chance for a dividend increase given the outlays they have to make over the next several years. Great yield but if you are holding it for growth, he doesn't see the growth.
DON'T BUY
He feels most people think they will get the pipeline permit. If they do, the drawback is they are going to have to raise capital to help finance the transactions. Although the Excel pipeline is a great idea, Enbridge (ENB-T) pipes have a lot more option allocate in them.
SELL
Doesn’t know how we settle out on the keystone issue. On pure valuation basis you have a good return. Thinks there is limited upside here. He would take some money off the table at this point.
HOLD
Keystone is a bit of an overhang, but it is still one of the 10 best stocks over the last 3 months. Enbridge grows earnings at 8-10%, twice TRP, but it is a good solid hold.
COMMENT
Opinion on the Keystone seems to change every day. He is watching very closely. Big problem is that the pipeline will be crossing a major aquifer. Feels the deal will be conditional on them rerouting, which would take another couple of years. Has been paring his position recently. (See Top Picks.)
BUY
Likes it and likes utilities and pipelines. When markets start to move again this will be the type that will lag.
TOP PICK
Preffered 4.4% Series 5. Callable at January 30/16. He doesn't own them yet but is looking at them.
COMMENT
Keystone will be approved, but if it doesn’t the stock will come off. Just sold a few weeks ago. Has done well in this pullback but it reached her target price. She is seeing a lot of local and environmental backlash regarding the pipeline. Have to negotiate new tolls next year and she doesn’t know how that will play out.
TOP PICK
The Keystone project is important but not their sole growth asset. Good history of paying out and growing their dividends. 4% yield. Sitting on assets that are very hard to replicate.
STRONG BUY
Well governed and a benchmark name and should be owned by every Canadian. A defensive name. A lot of growth prospects. First class operator and you want to hold it for stable growth and dividend. The overhang is that it is fairly likely that Keystone gets approved.
BUY
Has a double position. 95% probability that keystone will be built. IT is hanging in there extremely well. Dividend is solid and raised on an annual basis.
BUY
Still a little bit of an overhang on this stock from the keystone question. A great entry point right here. Thinks Obama will give it the rubber stamp.
COMMENT
Even if the US vetoes the Keystone project, someone will still need and want the oil and this company will find other means to ship it. The odds are that Keystone will get approved.
COMMENT
Feels the US president is going to say Yes to the Keystone project and it is going to get built. They need our oil. Will have to raise a lot of money to build this, which could be a bit of a negative.
BUY
Liked it for a while. A core stock in his portfolio for some time. It had a set back, fell to support. Would be awfully nice to have keystone go through but if not, it’s ok.
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