TC Energy

TRP-T

TSE:TRP

61.52
0.61 (1.00%)
TC Energy is a major North American energy company, based in Calgary, Alberta, in Canada, that develops and operates energy infrastructure in North America. The company operates three core businesses: Natural Gas Pipelines, Liquids Pipelines and Energy. In May 2019, the company changed its name from TransCanada Corporation to TC Energy to better reflect the company's business, which includes pipelines, power generation and energy storage operations in Canada, the United States and Mexico.
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Analysis and Opinions about TRP-T

Signal
Opinion
Expert
COMMENT
COMMENT
June 3, 2020
ENB vs TRP? He believes having one of these holdings is key to your portfolio. It is getting harder to put pipe in the ground, so existing assets are valuable. He owns ENB, due to the amount of oil they move and the pricing power they have with tolls.
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TC Energy (TRP-T)
June 3, 2020
ENB vs TRP? He believes having one of these holdings is key to your portfolio. It is getting harder to put pipe in the ground, so existing assets are valuable. He owns ENB, due to the amount of oil they move and the pricing power they have with tolls.
COMMENT
COMMENT
March 11, 2020

Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

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TC Energy (TRP-T)
March 11, 2020

Energy stocks? Right now stick to the large, liquid energy stocks. There is growing concern of counter-party credit exposure within the mid-stream and pipeline space. He recommends ENB-T and TRP-T for pipelines and SU-T and CNQ-T for producers, if you want to own any energy stocks. SU-T yield is 7.2%, while CNQ-T is 8.4%. CNQ-T is probably still showing positive cash flow, even at these oil price levels. You may still lose money, but it will be much less than a smaller player.

TOP PICK
TOP PICK
February 20, 2020
Core holding. Trades at 18x earnings. 5-6% in both earnings and dividend growth. 30B worth of projects being built, and another 20B to come. Yield is 4.26%. (Analysts’ price target is $73.85)
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TC Energy (TRP-T)
February 20, 2020
Core holding. Trades at 18x earnings. 5-6% in both earnings and dividend growth. 30B worth of projects being built, and another 20B to come. Yield is 4.26%. (Analysts’ price target is $73.85)
HOLD
HOLD
February 13, 2020

If you own it, keep holding. Good income play. Nice yield. She owns ENB and PPL, and this is enough to be diversified. No compelling reason for her to trade them for TRP. Pipelines in the ground are becoming more valuable, and TRP has that network.

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TC Energy (TRP-T)
February 13, 2020

If you own it, keep holding. Good income play. Nice yield. She owns ENB and PPL, and this is enough to be diversified. No compelling reason for her to trade them for TRP. Pipelines in the ground are becoming more valuable, and TRP has that network.

BUY
BUY
February 10, 2020

ENB-T vs. TRP-T vs. IPL-T. IPL-T has the biggest upside because the price is not reflecting the PDH facility. ENB-T and TC are more stable companies and within those he likes ENB-T because Line 3 will most likely com on line first.

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TC Energy (TRP-T)
February 10, 2020

ENB-T vs. TRP-T vs. IPL-T. IPL-T has the biggest upside because the price is not reflecting the PDH facility. ENB-T and TC are more stable companies and within those he likes ENB-T because Line 3 will most likely com on line first.

BUY
BUY
January 22, 2020

ENB vs. TC He owns ENB which he has picked before. Hold onto it for a long time and collect the dividend. It's worked through its capex issues. TC has a similar story with cash flow growth, a strong dividend yield and a multiple expansion to come. Infrastructure assets like this are hard to find. Both have stable yields. You can own either.

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TC Energy (TRP-T)
January 22, 2020

ENB vs. TC He owns ENB which he has picked before. Hold onto it for a long time and collect the dividend. It's worked through its capex issues. TC has a similar story with cash flow growth, a strong dividend yield and a multiple expansion to come. Infrastructure assets like this are hard to find. Both have stable yields. You can own either.

BUY WEAKNESS
BUY WEAKNESS
January 21, 2020
A fine upward chart, but overbought. Wait for a correction.
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TC Energy (TRP-T)
January 21, 2020
A fine upward chart, but overbought. Wait for a correction.
BUY
BUY
January 16, 2020
Rough ride, but they broke out of the old resistance point. Looks good, with higher lows and highs. Good looking chart. Yield is 4.3%.
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TC Energy (TRP-T)
January 16, 2020
Rough ride, but they broke out of the old resistance point. Looks good, with higher lows and highs. Good looking chart. Yield is 4.3%.
COMMENT
COMMENT
January 15, 2020

ENB vs TRP? He does not own any pipeline companies presently. He thinks the dividends of both are safe. He would likely favour buying ENB as they have had more of a retracement in share price. There are still regulatory approvals that are required and the investor space is not looking favorably in this market.

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TC Energy (TRP-T)
January 15, 2020

ENB vs TRP? He does not own any pipeline companies presently. He thinks the dividends of both are safe. He would likely favour buying ENB as they have had more of a retracement in share price. There are still regulatory approvals that are required and the investor space is not looking favorably in this market.

PAST TOP PICK
PAST TOP PICK
January 8, 2020
(A Top Pick Jan 15/19, Up 32%) Pipelines are a good place to be right now, especially with constraints on pipelines. They have also been able to increase tariff rates. Still one of his favorites. Yield 4.4%
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TC Energy (TRP-T)
January 8, 2020
(A Top Pick Jan 15/19, Up 32%) Pipelines are a good place to be right now, especially with constraints on pipelines. They have also been able to increase tariff rates. Still one of his favorites. Yield 4.4%
BUY
BUY
January 8, 2020
ENB and Transcanada: own both? Both have done well, both have made larger US acquisitions and both are reducing debt. Both have a good growth profile. Both pay a nice dividend. Happy to own either, but pick just one.
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TC Energy (TRP-T)
January 8, 2020
ENB and Transcanada: own both? Both have done well, both have made larger US acquisitions and both are reducing debt. Both have a good growth profile. Both pay a nice dividend. Happy to own either, but pick just one.
COMMENT
COMMENT
December 4, 2019
Pays a decent yield and has an okay balance sheet. 22% upside potential. He's neutral about it. Not excited. Neither a buy or sell.
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TC Energy (TRP-T)
December 4, 2019
Pays a decent yield and has an okay balance sheet. 22% upside potential. He's neutral about it. Not excited. Neither a buy or sell.
BUY
BUY
December 3, 2019

and Enbridge He owns this and Enbridge, and likes both. They both pay good yields; TC pays around 4.5%. Both are highly levered, though. Pipelines and utilities can maintain revenues in a slowdown. For both, what are their long-term capital plans to maintain growth. They both have buoyant plans. He'd buy both.

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TC Energy (TRP-T)
December 3, 2019

and Enbridge He owns this and Enbridge, and likes both. They both pay good yields; TC pays around 4.5%. Both are highly levered, though. Pipelines and utilities can maintain revenues in a slowdown. For both, what are their long-term capital plans to maintain growth. They both have buoyant plans. He'd buy both.

BUY
BUY
December 3, 2019

TRP vs. Enbridge Both are great companies, but prefers TC for paying a higher dividend (that should continue to rise), and a more stable balance sheet. ENB has a lot of debt from acquisitions. ENB's dividend is higher, but less safe. TC is a core investment.

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TC Energy (TRP-T)
December 3, 2019

TRP vs. Enbridge Both are great companies, but prefers TC for paying a higher dividend (that should continue to rise), and a more stable balance sheet. ENB has a lot of debt from acquisitions. ENB's dividend is higher, but less safe. TC is a core investment.

PAST TOP PICK
PAST TOP PICK
November 29, 2019
(A Top Pick Nov 02/18, Up 39%) He recommended this when the markets were going down. Interest rates are falling, and high yield attracts money to utilities. There is steady growth and there will be a 10% dividend growth. Growth and income at the same time.
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TC Energy (TRP-T)
November 29, 2019
(A Top Pick Nov 02/18, Up 39%) He recommended this when the markets were going down. Interest rates are falling, and high yield attracts money to utilities. There is steady growth and there will be a 10% dividend growth. Growth and income at the same time.
BUY
BUY
November 19, 2019
8 to 10% dividend growth to 2021 and 5-7% thereafter. This is a regulated utility and has the ability to increase prices. You can buy it for a defensive portfolio.
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TC Energy (TRP-T)
November 19, 2019
8 to 10% dividend growth to 2021 and 5-7% thereafter. This is a regulated utility and has the ability to increase prices. You can buy it for a defensive portfolio.
HOLD
HOLD
November 14, 2019
Scarcity value of pipelines has gone way up. You want to own one or two. Good assets. Right-sized balance sheet. Big guys are your safest bet. Buy one, hold for a long time, and collect the dividend. Multiple will be higher in 5 years.
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TC Energy (TRP-T)
November 14, 2019
Scarcity value of pipelines has gone way up. You want to own one or two. Good assets. Right-sized balance sheet. Big guys are your safest bet. Buy one, hold for a long time, and collect the dividend. Multiple will be higher in 5 years.
PAST TOP PICK
PAST TOP PICK
November 1, 2019
(A Top Pick Sep 17/18, Up 30%) When he bought this it was a defensive play. When the market sold the utility and pipeline space off, he bought. He still owns it today. It has good upward price momentum and a payout ratio of only 70%. It is highly levered, so be careful from here. He would still be a hold. Yield 4.5%
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TC Energy (TRP-T)
November 1, 2019
(A Top Pick Sep 17/18, Up 30%) When he bought this it was a defensive play. When the market sold the utility and pipeline space off, he bought. He still owns it today. It has good upward price momentum and a payout ratio of only 70%. It is highly levered, so be careful from here. He would still be a hold. Yield 4.5%
HOLD
HOLD
October 7, 2019
They still have the keystone XL issue but all else is going okay. Investors are drawn to this stock for the yield and growing dividend. It is not a cheap stock anymore. People are driving it up. It is all yield-driven.
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TC Energy (TRP-T)
October 7, 2019
They still have the keystone XL issue but all else is going okay. Investors are drawn to this stock for the yield and growing dividend. It is not a cheap stock anymore. People are driving it up. It is all yield-driven.
COMMENT
COMMENT
September 13, 2019

The Federal government is anti-pipeline? He looks at either TRP-T and ENB-T for this space. He prefers the valuation of ENB-T at this time. He likes how TRP-T is re-inventing itself however. There is a big question mark around whether Keystone pipeline will actually get built. Any hint of failing to go forward could negatively impact the TRP-T share price.

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TC Energy (TRP-T)
September 13, 2019

The Federal government is anti-pipeline? He looks at either TRP-T and ENB-T for this space. He prefers the valuation of ENB-T at this time. He likes how TRP-T is re-inventing itself however. There is a big question mark around whether Keystone pipeline will actually get built. Any hint of failing to go forward could negatively impact the TRP-T share price.

COMMENT
COMMENT
August 2, 2019
Has owned it for a long time. They've been consolidating by selling off assets, but still has about 23 billion to go in their building program. The dividend has been rising at 7-10% in line with expectation. Good yield and expected growth.
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TC Energy (TRP-T)
August 2, 2019
Has owned it for a long time. They've been consolidating by selling off assets, but still has about 23 billion to go in their building program. The dividend has been rising at 7-10% in line with expectation. Good yield and expected growth.
TOP PICK
TOP PICK
July 24, 2019
One of the largest infrastructure companies in North America. You are being paid to wait for their projects to be completed. Very good value here. Yield 4.6%. (Analysts’ price target is $68.39)
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TC Energy (TRP-T)
July 24, 2019
One of the largest infrastructure companies in North America. You are being paid to wait for their projects to be completed. Very good value here. Yield 4.6%. (Analysts’ price target is $68.39)
HOLD
HOLD
July 3, 2019
He no longer owns this. Not that it was a bad company, it was just he held a large proportion of utility holdings. It has some issues on pipelines in development. The recent US asset sell off is a good plan to help rebalance the balance sheet.
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TC Energy (TRP-T)
July 3, 2019
He no longer owns this. Not that it was a bad company, it was just he held a large proportion of utility holdings. It has some issues on pipelines in development. The recent US asset sell off is a good plan to help rebalance the balance sheet.
COMMENT
COMMENT
June 25, 2019
He has been avoiding the utilities as they get compared to the yield curve. However as the yield curve has narrowed, profitability has increased and the share price this year reflects that. Looking out 5 years, if rates go up it may hurt them.
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TC Energy (TRP-T)
June 25, 2019
He has been avoiding the utilities as they get compared to the yield curve. However as the yield curve has narrowed, profitability has increased and the share price this year reflects that. Looking out 5 years, if rates go up it may hurt them.
COMMENT
COMMENT
May 28, 2019
This is very much a yield, interest sensitive stock. Interest sensitive stocks have been on a real ride the last while. Transcanada has participated in this ride. Need to look at portfolio to see what percentage you have in other interest sensitive names and may need to trim. Most of the good news is already baked into this name.
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TC Energy (TRP-T)
May 28, 2019
This is very much a yield, interest sensitive stock. Interest sensitive stocks have been on a real ride the last while. Transcanada has participated in this ride. Need to look at portfolio to see what percentage you have in other interest sensitive names and may need to trim. Most of the good news is already baked into this name.
WEAK BUY
WEAK BUY
May 13, 2019
TC Energy vs. Enbridge. He'd own TC Energy. They'll both move the same amount. He's shy of Enbridge because their growth strategy was based on something that didn't exist, always issuing equity and hiking dividends. Doesn't like Enbridge.
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TC Energy (TRP-T)
May 13, 2019
TC Energy vs. Enbridge. He'd own TC Energy. They'll both move the same amount. He's shy of Enbridge because their growth strategy was based on something that didn't exist, always issuing equity and hiking dividends. Doesn't like Enbridge.
COMMENT
COMMENT
May 1, 2019
ENB-T or TRP-T? He owns both pipelines. Today, he would favour TRP-T. He has also been watching PPL-T as well. The space has always been a good investment.
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TC Energy (TRP-T)
May 1, 2019
ENB-T or TRP-T? He owns both pipelines. Today, he would favour TRP-T. He has also been watching PPL-T as well. The space has always been a good investment.
BUY
BUY
April 9, 2019
It had a long-term downtrend, but has reversed that since the start of the year. Positive. It could break to new highs at $65.
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TC Energy (TRP-T)
April 9, 2019
It had a long-term downtrend, but has reversed that since the start of the year. Positive. It could break to new highs at $65.
TOP PICK
TOP PICK
March 18, 2019
Sales were up 5%; earnings were up 26%. He expects a 14% ROE this year. If it gets above $61 it would be a potential break-out. (Analysts’ price target is $62.98)
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TC Energy (TRP-T)
March 18, 2019
Sales were up 5%; earnings were up 26%. He expects a 14% ROE this year. If it gets above $61 it would be a potential break-out. (Analysts’ price target is $62.98)
WAIT
WAIT
March 15, 2019
He likes pipelines and utility companies. TRP is a little more diversified and will benefit longer term. He thinks there are better buying opportunities in this name by waiting. There is no national strategy of pipelines, however this may happen when prices start rising.
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TC Energy (TRP-T)
March 15, 2019
He likes pipelines and utility companies. TRP is a little more diversified and will benefit longer term. He thinks there are better buying opportunities in this name by waiting. There is no national strategy of pipelines, however this may happen when prices start rising.
BUY
BUY
March 1, 2019
TransCanda Pipelines vs Enbridge If you ran a 10 year chart on both of these, you can't tell the difference between them. Everything is pretty equal between these 2 names. Could play a trading game swapping between them both dependant on yield. They will continue to raise their dividends. These are great monopolies across North America. He would own both.
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TC Energy (TRP-T)
March 1, 2019
TransCanda Pipelines vs Enbridge If you ran a 10 year chart on both of these, you can't tell the difference between them. Everything is pretty equal between these 2 names. Could play a trading game swapping between them both dependant on yield. They will continue to raise their dividends. These are great monopolies across North America. He would own both.
DON'T BUY
DON'T BUY
February 27, 2019
They do share buybacks, but TRP is a step behind its peer, Enbridge which has a stronger capital structure (i.e. discontinued its DRIP). With their growth projects, they're not out of the woods just yet. Buy Enbridge instead. Also, it's so difficult to build a pipeline in Canada.
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TC Energy (TRP-T)
February 27, 2019
They do share buybacks, but TRP is a step behind its peer, Enbridge which has a stronger capital structure (i.e. discontinued its DRIP). With their growth projects, they're not out of the woods just yet. Buy Enbridge instead. Also, it's so difficult to build a pipeline in Canada.
PAST TOP PICK
PAST TOP PICK
February 15, 2019
(A Top Pick Jan 11/18, Down 0.1%) Increased dividend by 8 or 9%. Keystone is the wildcard, and explains why stock hasn't moved. Price will start to move if it gets approved. For utilities, it's all about rate-based growth and they can start to increase profitability. Yield is 5.2% with close to 10% increases.
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TC Energy (TRP-T)
February 15, 2019
(A Top Pick Jan 11/18, Down 0.1%) Increased dividend by 8 or 9%. Keystone is the wildcard, and explains why stock hasn't moved. Price will start to move if it gets approved. For utilities, it's all about rate-based growth and they can start to increase profitability. Yield is 5.2% with close to 10% increases.
HOLD
HOLD
February 13, 2019
She prefers to own ENB-T, but thinks this stock will do well. The dividend is safe. But it is getting more difficult to build pipelines. There is no compelling reason to shift over just yet.
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TC Energy (TRP-T)
February 13, 2019
She prefers to own ENB-T, but thinks this stock will do well. The dividend is safe. But it is getting more difficult to build pipelines. There is no compelling reason to shift over just yet.
WEAK BUY
WEAK BUY
February 7, 2019
The energy space was tough last year. This has been rising since September, relative to the energy space. It has performed well through the recovery. Nice dividend, growing at about 6% annually. If you took at three year period in the market it will under-perform but be more stable.
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TC Energy (TRP-T)
February 7, 2019
The energy space was tough last year. This has been rising since September, relative to the energy space. It has performed well through the recovery. Nice dividend, growing at about 6% annually. If you took at three year period in the market it will under-perform but be more stable.
BUY
BUY
January 25, 2019
ENB vs. Transcanada Apart from one hiccup (it cut its dividend once in the 90s), Transcanada has performed very well. It's a low-risk business with 95% of its revenues regulated or on long-term contracts. They plan to spend $28 billion on new growth projects and fund it with existing cash flow. They can also grow their dividend 8-10% annually for the next three years. As growth projects come to play, maybe their earning will ramp up again.
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TC Energy (TRP-T)
January 25, 2019
ENB vs. Transcanada Apart from one hiccup (it cut its dividend once in the 90s), Transcanada has performed very well. It's a low-risk business with 95% of its revenues regulated or on long-term contracts. They plan to spend $28 billion on new growth projects and fund it with existing cash flow. They can also grow their dividend 8-10% annually for the next three years. As growth projects come to play, maybe their earning will ramp up again.
TOP PICK
TOP PICK
January 15, 2019
One of largest pipeline companies in North America. Both US and Canadian assets. Even without Keystone, it will do well, and the dividend should go up. Good place to be in a tumultuous market. Yield is 5.1%. (Analysts’ price target is $62.93)
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TC Energy (TRP-T)
January 15, 2019
One of largest pipeline companies in North America. Both US and Canadian assets. Even without Keystone, it will do well, and the dividend should go up. Good place to be in a tumultuous market. Yield is 5.1%. (Analysts’ price target is $62.93)
DON'T BUY
DON'T BUY
January 9, 2019
TRP vs. IPL. He'd go with IPL. The yield is higher. TRP probably has the prospect of a couple of dividend hikes in the next year or two. Whereas hikes at IPL will probably be on hold because of capital expenditures. Quality of IPL assets is unassailable, and the new plant will be meaningfully accretive to their operating earnings when it comes online in 2021. Rebranding is to appeal to its global shareholder base.
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TC Energy (TRP-T)
January 9, 2019
TRP vs. IPL. He'd go with IPL. The yield is higher. TRP probably has the prospect of a couple of dividend hikes in the next year or two. Whereas hikes at IPL will probably be on hold because of capital expenditures. Quality of IPL assets is unassailable, and the new plant will be meaningfully accretive to their operating earnings when it comes online in 2021. Rebranding is to appeal to its global shareholder base.
BUY
BUY
December 28, 2018
TRP-T vs. KEY-T. One of the most important data points is beta. He would choose TRP, because it's less correlated to the market. Has more protection on downside risk. Plus, it has higher overall performance. A couple of weeks ago, it was bottoming and relative strength was holding in really well. (Analysts’ price target is $63.55)
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TC Energy (TRP-T)
December 28, 2018
TRP-T vs. KEY-T. One of the most important data points is beta. He would choose TRP, because it's less correlated to the market. Has more protection on downside risk. Plus, it has higher overall performance. A couple of weeks ago, it was bottoming and relative strength was holding in really well. (Analysts’ price target is $63.55)
HOLD
HOLD
December 21, 2018
Went sideways, broke down, struggling to keep in some sort of a zone. One of the better, safer charts. He'd hold it if you have it.
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TC Energy (TRP-T)
December 21, 2018
Went sideways, broke down, struggling to keep in some sort of a zone. One of the better, safer charts. He'd hold it if you have it.