TransCanada Corp (TRP-T) Stock Predictions - Stockchase
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TransCanada Corp (TRP-T)

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oil/gas pipelines

TransCanada Corp TransCanada Corp
TRP-T

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oil/gas pipelines

TransCanada Corp (TRP-T) SAVE

52.62

0.23 (0.44%)

Oct, 19, 2018, 12:00 am

OPINIONS

About TransCanada Corp (TRP-T)

TransCanada Corporation is a major North American energy company, based in Calgary, Alberta, Canada, developing and operating energy infrastructure in North America. More at Wikipedia

What the experts are saying about TRP-T



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Signal Opinion Expert
DON'T BUY
TransCanada Corp(TRP-T) 

October 9, 2018

One of the curses of the pipelines is growth because it means that they have to raise capital. They have growth projects with the need to raise capital. They prefer Enbridge (ENB-T) as they came of the other side of this funding need now. 

oil/gas pipelines

One of the curses of the pipelines is growth because it means that they have to raise capital. They have growth projects with the need to raise capital. They prefer Enbridge (ENB-T) as they came of the other side of this funding need now. 

oil/gas pipelines
James Telfser

Partner & , Aventine Management ...

Price Price
$52.900
Owned Owned
Yes

COMMENT
TransCanada Corp(TRP-T) 

October 5, 2018

TRP-T or ENB-T? At these prices, he thinks TRP-T is in fantastic shape and the mainline natural gas represents half of the company’s NAV.  Within a short period of time he thinks this will decline to only about 10-15% of NAV.  This signifies how the company is diversifying – although the stock is a little expensive right now.  ENB-T is less dynamic, but he believes their infrastructure is advantaged (as there are few projects being approved) and the dividend continue to grow.  You could own both and not be concerned.   

oil/gas pipelines

TRP-T or ENB-T? At these prices, he thinks TRP-T is in fantastic shape and the mainline natural gas represents half of the company’s NAV.  Within a short period of time he thinks this will decline to only about 10-15% of NAV.  This signifies how the company is diversifying – although the stock is a little expensive right now.  ENB-T is less dynamic, but he believes their infrastructure is advantaged (as there are few projects being approved) and the dividend continue to grow.  You could own both and not be concerned.   

oil/gas pipelines
Bill Harris, CF

Portfolio , Avenue Investment Ma...

Price Price
$53.770
Owned Owned
_N/A

BUY
TransCanada Corp(TRP-T) 

October 3, 2018

He thinks it is undervalued, due to the recent rise in interest rates.  He likes the growth potential to participate in natural gas going west into the LNG project.  

oil/gas pipelines

He thinks it is undervalued, due to the recent rise in interest rates.  He likes the growth potential to participate in natural gas going west into the LNG project.  

oil/gas pipelines
Robert Lauzon

Deputy Chi, Middlefield Capital ...

Price Price
$53.780
Owned Owned
No

HOLD
TransCanada Corp(TRP-T) 

September 26, 2018

It is hard to tell if this company has fallen due to the Trans Mountain issues or because of rising interest rates.  He expects news on Keystone XL in the fall.  Growth in the Alberta natural gas system has good potential, especially if a west coast LNG project goes ahead as they have a virtual monopoly on the gathering infrastructure.  An announcement on the project could be coming as early as next week.  Yield 5%.  

oil/gas pipelines

It is hard to tell if this company has fallen due to the Trans Mountain issues or because of rising interest rates.  He expects news on Keystone XL in the fall.  Growth in the Alberta natural gas system has good potential, especially if a west coast LNG project goes ahead as they have a virtual monopoly on the gathering infrastructure.  An announcement on the project could be coming as early as next week.  Yield 5%.  

oil/gas pipelines
Ryan Bushell

President, Newhaven Asset Manag...

Price Price
$52.710
Owned Owned
No

PARTIAL SELL
TransCanada Corp(TRP-T) 

September 26, 2018

It consolidated, broke down, and is now in a downtrend. It has a reasonable shot to find support at $51; you may get a bounce at that level. Maybe. Consider selling.

oil/gas pipelines

It consolidated, broke down, and is now in a downtrend. It has a reasonable shot to find support at $51; you may get a bounce at that level. Maybe. Consider selling.

oil/gas pipelines
Keith Richards

Portfolio , ValueTrend Wealth Ma...

Price Price
$52.710
Owned Owned
Unknown

HOLD
TransCanada Corp(TRP-T) 

September 25, 2018

Asked to compare Enbridge and TransCanada, he said he currently owns only Enbridge. Both are utility companies. Both pay high yields. Their stock prices are very interest-rate sensitive because interest rates drive the relative value of their dividends and because they borrow enormous amounts of money and interest rates determine the cost of carrying these loans. He holds utility stocks for clients who need steady income but this is, in general, the wrong time to buy utilities.

oil/gas pipelines

Asked to compare Enbridge and TransCanada, he said he currently owns only Enbridge. Both are utility companies. Both pay high yields. Their stock prices are very interest-rate sensitive because interest rates drive the relative value of their dividends and because they borrow enormous amounts of money and interest rates determine the cost of carrying these loans. He holds utility stocks for clients who need steady income but this is, in general, the wrong time to buy utilities.

oil/gas pipelines
Norman Levine

Managing D, Portfolio Management...

Price Price
$53.260
Owned Owned
No

WEAK BUY
TransCanada Corp(TRP-T) 

September 24, 2018

A dividend stock. He's not surprised that it's been struggling in this interest rate environment. If you've been collecting their dividends, you've done well, but he prefers companies that reinvest their cash. This is a good choice if you want to collect a dividend in the long run and see 9% compounded growth.

oil/gas pipelines

A dividend stock. He's not surprised that it's been struggling in this interest rate environment. If you've been collecting their dividends, you've done well, but he prefers companies that reinvest their cash. This is a good choice if you want to collect a dividend in the long run and see 9% compounded growth.

oil/gas pipelines
Jason Del Vicar

Portfolio , HollisWealth...

Price Price
$53.120
Owned Owned
No

HOLD
TransCanada Corp(TRP-T) 

September 19, 2018

These infrastructure companies have become very cheap, because of the poor investment climate for energy.  The dividend will continue to grow and the company has not changed.  He owns ENB-T for his clients, but would consider holding this.  Yield 5%.  

oil/gas pipelines

These infrastructure companies have become very cheap, because of the poor investment climate for energy.  The dividend will continue to grow and the company has not changed.  He owns ENB-T for his clients, but would consider holding this.  Yield 5%.  

oil/gas pipelines
Lyle Stein

Sr. Portfo, Vestcap Investment M...

Price Price
$54.330
Owned Owned
No

TOP PICK
TransCanada Corp(TRP-T) 

September 17, 2018

He is negative on the other pipelines but this one is a more attractive and more defensive way to play the energy market.  They beat on last earnings and have a good balance sheet.  There are multiple possible catalysts to move the stock higher.  (Analysts’ target: $67.37).

oil/gas pipelines

He is negative on the other pipelines but this one is a more attractive and more defensive way to play the energy market.  They beat on last earnings and have a good balance sheet.  There are multiple possible catalysts to move the stock higher.  (Analysts’ target: $67.37).

oil/gas pipelines
Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$55.250
Owned Owned
Yes

COMMENT
TransCanada Corp(TRP-T) 

August 17, 2018

Owned off and on. Whole sector was hurt because of interest rates, high debt. Concern is not enough capital to fund US acquisition. It’s a great business, good long-term income stream, diversified. They own ENB instead, it’s a better valuation.

oil/gas pipelines

Owned off and on. Whole sector was hurt because of interest rates, high debt. Concern is not enough capital to fund US acquisition. It’s a great business, good long-term income stream, diversified. They own ENB instead, it’s a better valuation.

oil/gas pipelines
Bryden Teich

Portfolio , Avenue Investment Ma...

Price Price
$57.930
Owned Owned
Unknown

TOP PICK
TransCanada Corp(TRP-T) 

August 15, 2018

A yield play with growth opportunity.  It has opportunity in Colombia and is not as dependant on heavy oil pricing.  He sees 7-8% dividend growth over the next few years.  They could also participate in the west coast LNG development.  Energy East could also gain some traction given issues with Saudi Arabia.  Yield 4.9%.  (Analysts’ price target is $67.32)

oil/gas pipelines

A yield play with growth opportunity.  It has opportunity in Colombia and is not as dependant on heavy oil pricing.  He sees 7-8% dividend growth over the next few years.  They could also participate in the west coast LNG development.  Energy East could also gain some traction given issues with Saudi Arabia.  Yield 4.9%.  (Analysts’ price target is $67.32)

oil/gas pipelines
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$57.500
Owned Owned
Yes

HOLD
TransCanada Corp(TRP-T) 

August 9, 2018

The pipelines are a hot button issue.  He looks at them as a dividend play with some growth potential.  This is one of the larger names out there.  Others have more exposure to the US.  He thinks the divided will grind its way higher.  There is some potential for growth.  For a dividend oriented investor it is okay.  He thinks the energy east pipeline is dead.

oil/gas pipelines

The pipelines are a hot button issue.  He looks at them as a dividend play with some growth potential.  This is one of the larger names out there.  Others have more exposure to the US.  He thinks the divided will grind its way higher.  There is some potential for growth.  For a dividend oriented investor it is okay.  He thinks the energy east pipeline is dead.

oil/gas pipelines
Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$58.260
Owned Owned
Unknown

BUY
TransCanada Corp(TRP-T) 

July 26, 2018

With a 14.7 PE and an estimated 9.8% free cash-flow yield and growing at 11% it is safe to buy. Not his favorite name in the space. But offers good value. As long as there is sufficient growth the pipelines   compensate for the negative impact of interest rates rising.

oil/gas pipelines

With a 14.7 PE and an estimated 9.8% free cash-flow yield and growing at 11% it is safe to buy. Not his favorite name in the space. But offers good value. As long as there is sufficient growth the pipelines   compensate for the negative impact of interest rates rising.

oil/gas pipelines
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$58.510
Owned Owned
No

PAST TOP PICK
TransCanada Corp(TRP-T) 

June 26, 2018

(Past Top Pick, July 4, 2017, Down 4%)  They have good assets and some growth. They want to raise dividends by 5-7% annually over 5 years, which is why he bought it (and still holds it). He's perturbed about the state of pipelines in Canada though.

oil/gas pipelines

(Past Top Pick, July 4, 2017, Down 4%)  They have good assets and some growth. They want to raise dividends by 5-7% annually over 5 years, which is why he bought it (and still holds it). He's perturbed about the state of pipelines in Canada though.

oil/gas pipelines
Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$57.160
Owned Owned
Yes

BUY
TransCanada Corp(TRP-T) 

June 22, 2018

It is going to go higher. Very cheap at 14.7 P/E. 9.8% 2019 estimated cash yield. They are growing their earnings. Funding is available for their new projects. 60% stable payout ratio. Dividend yield of 5%.

oil/gas pipelines

It is going to go higher. Very cheap at 14.7 P/E. 9.8% 2019 estimated cash yield. They are growing their earnings. Funding is available for their new projects. 60% stable payout ratio. Dividend yield of 5%.

oil/gas pipelines
Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$57.560
Owned Owned
No

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