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

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oil/gas pipelines

TransCanada Corp

TRP-T

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TransCanada Corp (TRP-T) SAVE Dec, 14, 2018, 3:51 am

53.63 0.35 (0.66%)

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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COMMENT
TransCanada Corp(TRP-T) 

November 29, 2018

It's a yield play. It's difficult to see a scenario for meaningful growth without the approval of future pipelines. Prefers the utilities because unlike the pipelines he does see some share price appreciation potential as well. Great yield at about 5.1% but growth is a challenge.
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It's a yield play. It's difficult to see a scenario for meaningful growth without the approval of future pipelines. Prefers the utilities because unlike the pipelines he does see some share price appreciation potential as well. Great yield at about 5.1% but growth is a challenge.
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Kash Pashootan

CEO & Chie, First Avenue Investm...

Price Price
$54.400
Owned Owned
Unknown

TOP PICK
TransCanada Corp(TRP-T) 

November 21, 2018

Funding remains a problem: will they have to dilute shares? Also, it's a yield proxy, so what happens as interest rates rise? Pays a nice, safe dividend. Cheap at 13.3x times with a good balance sheet. They'll grow their earnings. It's shelter from the current storm. (Analysts’ price target is $63.91)
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Funding remains a problem: will they have to dilute shares? Also, it's a yield proxy, so what happens as interest rates rise? Pays a nice, safe dividend. Cheap at 13.3x times with a good balance sheet. They'll grow their earnings. It's shelter from the current storm. (Analysts’ price target is $63.91)
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$53.930
Owned Owned
Yes

BUY
TransCanada Corp(TRP-T) 

November 9, 2018

This is a mature yield at 5.4%. He is comfortable owning it at this point. Cash flow has improved and is quite stable. This is an opportunity to buy it quite cheap.
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This is a mature yield at 5.4%. He is comfortable owning it at this point. Cash flow has improved and is quite stable. This is an opportunity to buy it quite cheap.
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Rob Tetrault

Portfolio , Tetrault Wealth Advi...

Price Price
$51.320
Owned Owned
No

COMMENT
TransCanada Corp(TRP-T) 

November 6, 2018

Look at Pembina first, which has growth and a good balance sheet, if you're buying a new position in pipelines (he's not in this space).
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Look at Pembina first, which has growth and a good balance sheet, if you're buying a new position in pipelines (he's not in this space).
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Rick Stuchberry

Portfolio , Wellington-Altus Pri...

Price Price
$51.940
Owned Owned
No

TOP PICK
TransCanada Corp(TRP-T) 

November 2, 2018

They're adding $10 billion in new projects in 2019 plus $26 billion in 2020, mostly natural gas, but also nuclear assets. If Keystone ever gets approved, TRP will take off. Pays a 5.5% dividend. You get paid while you wait. Big beat in Q3. 8-10% dividend growth. (Analysts’ price target is $64.33)

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They're adding $10 billion in new projects in 2019 plus $26 billion in 2020, mostly natural gas, but also nuclear assets. If Keystone ever gets approved, TRP will take off. Pays a 5.5% dividend. You get paid while you wait. Big beat in Q3. 8-10% dividend growth. (Analysts’ price target is $64.33)

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David Driscoll

President , Liberty Internationa...

Price Price
$50.750
Owned Owned
Yes

PAST TOP PICK
TransCanada Corp(TRP-T) 

October 29, 2018

(Past Top Pick Oct. 20. 2017, Down  16%) There is growth coming. He'll stick with it. The lack of pipelines has pulled them back and down like all else in October. Historic valuation is good. Dividend yield is 5.6%. If it rebounds to the high-$50s, plus that dividend, you will do fine.

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(Past Top Pick Oct. 20. 2017, Down  16%) There is growth coming. He'll stick with it. The lack of pipelines has pulled them back and down like all else in October. Historic valuation is good. Dividend yield is 5.6%. If it rebounds to the high-$50s, plus that dividend, you will do fine.

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Bruce Campbell

President, Campbell and Lee Inv...

Price Price
$49.320
Owned Owned
Yes

BUY
TransCanada Corp(TRP-T) 

October 26, 2018

He doesn't see growth into 2020, but the coastal link for the LNG Kitamat should propel free cash flow. Trading at a cheap 15x earnings. Stable payout ratio. He likes it. You can add to it at these levels.

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He doesn't see growth into 2020, but the coastal link for the LNG Kitamat should propel free cash flow. Trading at a cheap 15x earnings. Stable payout ratio. He likes it. You can add to it at these levels.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$49.780
Owned Owned
Unknown

BUY
TransCanada Corp(TRP-T) 

October 25, 2018

He likes this but prefers Enbridge or Pembina.  It is almost like a utility.  You are getting a decent dividend and should see some capital appreciation.  Big question is what does the future hold.  Difficult to get approvals on projects.  He expects oil differentials to more normalize.  This is a decent name.

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He likes this but prefers Enbridge or Pembina.  It is almost like a utility.  You are getting a decent dividend and should see some capital appreciation.  Big question is what does the future hold.  Difficult to get approvals on projects.  He expects oil differentials to more normalize.  This is a decent name.

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Cole Kachur

Senior Wea, ScotiaWealth Managem...

Price Price
$50.060
Owned Owned
No

COMMENT
TransCanada Corp(TRP-T) 

October 22, 2018

Pipeline stocks can be good investments.  Oil is going to keep on flowing.  There will be pipeline expansion at some point.  It is not of interest to him, however.  Make sure you look carefully at the financials and political ramifications affecting the stock.  It can be difficult to analyze it and come to clear conclusions.

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Pipeline stocks can be good investments.  Oil is going to keep on flowing.  There will be pipeline expansion at some point.  It is not of interest to him, however.  Make sure you look carefully at the financials and political ramifications affecting the stock.  It can be difficult to analyze it and come to clear conclusions.

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Benj Gallander

President, Contra the Heard Inv...

Price Price
$52.730
Owned Owned
No

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. 

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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. 

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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.   

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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.   

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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.  

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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.  

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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%.  

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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%.  

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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.

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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.

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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.

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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.

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Norman Levine

Managing D, Portfolio Management...

Price Price
$53.260
Owned Owned
No

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