TSE:TRP

TC Energy (TRP.TO)

88.09
+1.24 (1.43%)
as of Oct 21, 2026, 5:58:25 pm Market Open.
1335 watching
0
HOLD
2 things he worries about. Shifting where natural gas is being found in North America means they are having significant trouble filling their main gas line from Alberta. They have a big natural gas plant in New York and have recently been hit with what they feel are very unfair rate issues. Feels the Keystone project will get green lighted.
TOP PICK
Badly underperformed similar companies because of the uncertainty of the Keystone pipeline. There has also been an issue with this main gas line in Canada because of poor demand of natural gas. A very political issue in the US but he thinks it will get approval.
COMMENT
Slow growth. Analysts recommend it because it is a safe investment and pays a decent dividend. Trading at a mid--teens multiple of earnings, which is rich in this market.
SELL
Not one he has looked at in dept. Has largest distribution in Canada. 18$ multiples – historic multiples. Plateaued since 2005. Look at it for the dividend yield. Downside risk short term. It is a yield name, not growth.
BUY
Keystone XL pipeline decision in November. He thinks it will get resolved in TRP’s favour. It’s a huge job creation project (125k jobs). Add on pull backs.
BUY
If they don’t get permits for XL pipeline it will not hurt the stock very much because they are very long term projects. If they do get them, it could be a good boost, though.
COMMENT
Preferreds. Credit quality: They are good – it is quite regulated. It is more about the preferred share type. They have rate resets and perpetual. Perpetuals yield more but are more volatile.
BUY ON WEAKNESS
Good company but just sold his holdings because he felt it was fully valued at $43. If it pulls back into the high $30's, he might reenter. Important to take your gains in markets like this. Alternatively, you could sell part of your position to lock in your profit.
PAST TOP PICK
(A Top Pick June 3/10. Up 20.92%.) A great stock for income seekers. Tremendous record of raising its dividends. Believes the Keystone pipeline into the US will be approved.
BUY
Has moved up more than ENB lately.
PAST TOP PICK
(Top Pick May 28/10, Up 27%) Declining volumes on the main line are already in the stock price. They also generate power. Good time to buy more.
COMMENT
Has been coming on like gang busters and unfortunately hit a new high today so you are a little bit late but for a longer term basis you cold buy here. Keystone project seems to be making more progress in the US. Have some holdups relating to environment, etc but thinks it will go through. #.89% yield.
COMMENT
Keystone project will get done. US government has said they need a more secure supply and need the oil sands to replace the supply from Mexico. Has just started to move and has a decent yield.
COMMENT
Great dividend paying company and long term good cash flow. Trading at about 17X forward PE, which is near a 2 year high. This and similar companies have done very well over the last several years because of falling interest rates. Once they start to move up, it may not look as attractive.
COMMENT
Switch from this to NAL Energy (NAE-T)? Depends on your risk profile as TransCanada is a lower risk name. NAL's fortunes are still connected to commodity prices and TransCanada less so. Big issue with TransCanada now is the mainline tolls. Currently it's $1.89, which the producers feel it's too high..
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