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
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.
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