TC Energy

TRP-T

TSE:TRP

74.30
0.86 (1.14%)
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.
More at Wikipedia

Analysis and Opinions about TRP-T

Signal
Opinion
Expert
BUY
BUY
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.

Show full opinionHide full opinion
TC Energy (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.

PAST TOP PICK
PAST TOP PICK
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.

Show full opinionHide full opinion
TC Energy (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.

BUY
BUY
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%.

Show full opinionHide full opinion
TC Energy (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%.

BUY
BUY
June 6, 2018

The pipelines have been pressured this year due to troubles in building pipelines. They're also interest-rate sensitive. This offers some decent value now with solid growth prospects. There's still uncertainty around the Kinder Morgan pipeline--who will eventually buy it?

Show full opinionHide full opinion
TC Energy (TRP-T)
June 6, 2018

The pipelines have been pressured this year due to troubles in building pipelines. They're also interest-rate sensitive. This offers some decent value now with solid growth prospects. There's still uncertainty around the Kinder Morgan pipeline--who will eventually buy it?

BUY
BUY
May 28, 2018

There has been a selloff in these stocks this year because of rising interest rates. He considers it a buy for sure. They are growing earnings per share of 4% and with the growth it is 8-9% total return expectation. It is defensive for the next down turn.

Show full opinionHide full opinion
TC Energy (TRP-T)
May 28, 2018

There has been a selloff in these stocks this year because of rising interest rates. He considers it a buy for sure. They are growing earnings per share of 4% and with the growth it is 8-9% total return expectation. It is defensive for the next down turn.

HOLD
HOLD
May 11, 2018

They just announced earnings. The concern regarding this name was that they bought Colombia pipelines system down in the northeast US and they used a lot of capital for that. He prefers Enbridge (ENB-T). Great asset base. A name you can still continue to hold long term.

Show full opinionHide full opinion
TC Energy (TRP-T)
May 11, 2018

They just announced earnings. The concern regarding this name was that they bought Colombia pipelines system down in the northeast US and they used a lot of capital for that. He prefers Enbridge (ENB-T). Great asset base. A name you can still continue to hold long term.

BUY
BUY
May 2, 2018

He bought this recently given reasonable valuations in mid-teens, and they can cover their dividend. There's some growth.

Show full opinionHide full opinion
TC Energy (TRP-T)
May 2, 2018

He bought this recently given reasonable valuations in mid-teens, and they can cover their dividend. There's some growth.

COMMENT
COMMENT
April 9, 2018

There is a $68 target amongst analysts. They are quite positive. You need to consider if the climate is ripe for the expansion of pipelines in Canada. Conservatives in power next year would be positive. He worries how much higher interest rates will go.

Show full opinionHide full opinion
TC Energy (TRP-T)
April 9, 2018

There is a $68 target amongst analysts. They are quite positive. You need to consider if the climate is ripe for the expansion of pipelines in Canada. Conservatives in power next year would be positive. He worries how much higher interest rates will go.

BUY
BUY
April 3, 2018

He likes the pipelines, though we're not building any right now due to environmentalists. We haven't built any to the coast, so we can't ship any, which makes us beholden to the U.S. That's a big concern. Careful with pipelines, because of interest rate exposure. Pipielines are infrastructure, after all. He likes the yield of TRP which is sustainable. Will add more shares later. It's a solid vehicle.

Show full opinionHide full opinion
TC Energy (TRP-T)
April 3, 2018

He likes the pipelines, though we're not building any right now due to environmentalists. We haven't built any to the coast, so we can't ship any, which makes us beholden to the U.S. That's a big concern. Careful with pipelines, because of interest rate exposure. Pipielines are infrastructure, after all. He likes the yield of TRP which is sustainable. Will add more shares later. It's a solid vehicle.

COMMENT
COMMENT
March 29, 2018

What company do you prefer CN Rail (CNR-T) or TransCanada (TRP-T)? He likes both. Near term he likes a little more Transcanada (TRP-T) as it is an asset class that is in shortage now. CN Rail (CNR-T) took the cost cutting a little too far and is struggling a little but long term they are a great business.

Show full opinionHide full opinion
TC Energy (TRP-T)
March 29, 2018

What company do you prefer CN Rail (CNR-T) or TransCanada (TRP-T)? He likes both. Near term he likes a little more Transcanada (TRP-T) as it is an asset class that is in shortage now. CN Rail (CNR-T) took the cost cutting a little too far and is struggling a little but long term they are a great business.

Alex Ruus

Unlock Ratings

Price
$53.280
Owned
Unknown
COMMENT
COMMENT
March 26, 2018

The entire pipeline sector faces higher interest rates and oil price pressure. When TRP's big pipeline projects finally happens, though, it will benefit grreatly. But the next while will be volatile.

Show full opinionHide full opinion
TC Energy (TRP-T)
March 26, 2018

The entire pipeline sector faces higher interest rates and oil price pressure. When TRP's big pipeline projects finally happens, though, it will benefit grreatly. But the next while will be volatile.

Jim Huang

Unlock Ratings

Price
$52.070
Owned
Unknown
BUY
BUY
March 20, 2018

Pipeline companies need a lot of cash to fund pipelines. The investment community is suspicious of TRP because the price of oil and gas are declining and then there's U.S. competition. But TRP finally has approval to build Keystone. Will see dividend growth. Nibble at this.

Show full opinionHide full opinion
TC Energy (TRP-T)
March 20, 2018

Pipeline companies need a lot of cash to fund pipelines. The investment community is suspicious of TRP because the price of oil and gas are declining and then there's U.S. competition. But TRP finally has approval to build Keystone. Will see dividend growth. Nibble at this.

BUY
BUY
March 12, 2018

It has been the better performer over ENB-T. Their business is firing on a lot of cylinders. They are busy in Mexico and the gulf coast as well. Keystone makes more sense every day. There is a potential LNG announcement in June by Shell. You could see two big projects back on the table for TRP-T. ENB-T is a better value, however.

Show full opinionHide full opinion
TC Energy (TRP-T)
March 12, 2018

It has been the better performer over ENB-T. Their business is firing on a lot of cylinders. They are busy in Mexico and the gulf coast as well. Keystone makes more sense every day. There is a potential LNG announcement in June by Shell. You could see two big projects back on the table for TRP-T. ENB-T is a better value, however.

HOLD
HOLD
February 16, 2018

Is this a good time to buy? He owns other pipeline companies. As interest rates begin to rise, investors start to worry as they are big borrowers. As bond yields go up, this sector will see money leave. Attractive yield and is okay to own. Yield 4.8%.

Show full opinionHide full opinion
TC Energy (TRP-T)
February 16, 2018

Is this a good time to buy? He owns other pipeline companies. As interest rates begin to rise, investors start to worry as they are big borrowers. As bond yields go up, this sector will see money leave. Attractive yield and is okay to own. Yield 4.8%.

COMMENT
COMMENT
February 16, 2018

Enbridge Inc (ENB-T) vs TransCanada (TRP-T). He only owns ENB-T and definitely prefers it to TRP-T. ENB-T made a major acquisition last year with Spectra Energy and has been selling assets to bring down debt. If Line 3 expansion will be allowed it will be a good hold. Yield 6.2%.

Show full opinionHide full opinion
TC Energy (TRP-T)
February 16, 2018

Enbridge Inc (ENB-T) vs TransCanada (TRP-T). He only owns ENB-T and definitely prefers it to TRP-T. ENB-T made a major acquisition last year with Spectra Energy and has been selling assets to bring down debt. If Line 3 expansion will be allowed it will be a good hold. Yield 6.2%.

TOP PICK
TOP PICK
February 7, 2018

It passed Enbridge but has sold down quite a bit in past weeks. Past decade has seen consistent revenue growth. Had blacklog of $24 million worth of projects that will come online in three years in the U.S. and Canada. Will access to U.S. shale. Predicts 10% earnings growth and dividends continue to rise. Expects Keystone to get built. (Analysts' price target $71.35)

Show full opinionHide full opinion
TC Energy (TRP-T)
February 7, 2018

It passed Enbridge but has sold down quite a bit in past weeks. Past decade has seen consistent revenue growth. Had blacklog of $24 million worth of projects that will come online in three years in the U.S. and Canada. Will access to U.S. shale. Predicts 10% earnings growth and dividends continue to rise. Expects Keystone to get built. (Analysts' price target $71.35)

PAST TOP PICK
PAST TOP PICK
February 1, 2018

4.9% 15 1st Preferred. (A Top Pick Feb 2/17, Up 0.93%) When they re-do their issue it will come with a 3.8% spread. This is a fixed rate reset. It has a floor yield 4.9%. Where income and capital preservation is a focus this one is great.

Show full opinionHide full opinion
TC Energy (TRP-T)
February 1, 2018

4.9% 15 1st Preferred. (A Top Pick Feb 2/17, Up 0.93%) When they re-do their issue it will come with a 3.8% spread. This is a fixed rate reset. It has a floor yield 4.9%. Where income and capital preservation is a focus this one is great.

SELL
SELL
January 31, 2018

Sell? The price has pulled back a lot, and he thinks it is going to underperform the market for some time. (See Top Picks.)

Show full opinionHide full opinion
TC Energy (TRP-T)
January 31, 2018

Sell? The price has pulled back a lot, and he thinks it is going to underperform the market for some time. (See Top Picks.)

COMMENT
COMMENT
January 26, 2018

All the energy infrastructure and pipelines have pulled off a little, with higher interest rates. There is commercial support now for Keystone, which gives another $2-$6 to the stock. Even without that, he sees this probably going to $72 over the next 12 months. The company indicated they are going to grow their dividend 8%-10% out to 2021. 60% payout ratio. He models 8% earnings per share growth. On these higher interest rate concerns, you can be buying at this time, or better yet, Sell a Put and oblige yourself to own it at $55 and get paid a nice little premium. Dividend yield of 4.3%.

Show full opinionHide full opinion
TC Energy (TRP-T)
January 26, 2018

All the energy infrastructure and pipelines have pulled off a little, with higher interest rates. There is commercial support now for Keystone, which gives another $2-$6 to the stock. Even without that, he sees this probably going to $72 over the next 12 months. The company indicated they are going to grow their dividend 8%-10% out to 2021. 60% payout ratio. He models 8% earnings per share growth. On these higher interest rate concerns, you can be buying at this time, or better yet, Sell a Put and oblige yourself to own it at $55 and get paid a nice little premium. Dividend yield of 4.3%.

COMMENT
COMMENT
January 26, 2018

If prices go back up to a certain level, people start selling to make themselves whole if they had bought at higher levels previously. This is exactly what is going on with this. You have over a year of investors being underwater. Unfortunately, he believes the next move is lower.

Show full opinionHide full opinion
TC Energy (TRP-T)
January 26, 2018

If prices go back up to a certain level, people start selling to make themselves whole if they had bought at higher levels previously. This is exactly what is going on with this. You have over a year of investors being underwater. Unfortunately, he believes the next move is lower.

COMMENT
COMMENT
January 22, 2018

For a TFSA? Good company, steady, nice dividend. They've grown their dividend over the years. An appropriate investment. Expects it to grow by share price and dividend by about 8%-10% a year for the foreseeable future. It would be better in an RRSP or RIF account. Investments with a higher possibility of a rate of return, should be in the TFSA, and companies like this with a fixed income, really should be in an RRSP or RIF.

Show full opinionHide full opinion
TC Energy (TRP-T)
January 22, 2018

For a TFSA? Good company, steady, nice dividend. They've grown their dividend over the years. An appropriate investment. Expects it to grow by share price and dividend by about 8%-10% a year for the foreseeable future. It would be better in an RRSP or RIF account. Investments with a higher possibility of a rate of return, should be in the TFSA, and companies like this with a fixed income, really should be in an RRSP or RIF.

COMMENT
COMMENT
January 16, 2018

Over the last 2-3 years, this has had a pretty good run. Had a pullback in the last 6 months, but longer-term it’s a good opportunity. Pipelines tend to be more stable assets that benefit you when the market goes down. When we go into recession, these assets will hold up because it is a pretty steady business. A lot of institutional managers are taking there weighting down a little, so in the short term there has been some pressure for underperformance in the sector. Long-term, this is a good sector to invest in.

Show full opinionHide full opinion
TC Energy (TRP-T)
January 16, 2018

Over the last 2-3 years, this has had a pretty good run. Had a pullback in the last 6 months, but longer-term it’s a good opportunity. Pipelines tend to be more stable assets that benefit you when the market goes down. When we go into recession, these assets will hold up because it is a pretty steady business. A lot of institutional managers are taking there weighting down a little, so in the short term there has been some pressure for underperformance in the sector. Long-term, this is a good sector to invest in.

Alex Ruus

Unlock Ratings

Price
$59.720
Owned
Unknown
COMMENT
COMMENT
January 15, 2018

Pipelines? Canada is producing way more oil than what we can get out, so there is a long-term demand for pipeline capacity. Because of a tight Canadian market, they are expensive on a global basis. This has made big US acquisitions, because US companies are cheaper. The outlook for projects in all these companies is very strong. You should be fine in any of them.

Show full opinionHide full opinion
TC Energy (TRP-T)
January 15, 2018

Pipelines? Canada is producing way more oil than what we can get out, so there is a long-term demand for pipeline capacity. Because of a tight Canadian market, they are expensive on a global basis. This has made big US acquisitions, because US companies are cheaper. The outlook for projects in all these companies is very strong. You should be fine in any of them.

DON'T BUY
DON'T BUY
January 12, 2018

As bullish as he is on increasing rates, and rates are going up, this sector will be hurt more than any other because a lot of interest rate refugees have kind of pumped the valuation of all of these stocks, including telephone utilities. Valuations doesn’t make a whole lot of sense. There is a lot of pressure on these stocks going forward. He wouldn't touch this until it went down to $41.

Show full opinionHide full opinion
TC Energy (TRP-T)
January 12, 2018

As bullish as he is on increasing rates, and rates are going up, this sector will be hurt more than any other because a lot of interest rate refugees have kind of pumped the valuation of all of these stocks, including telephone utilities. Valuations doesn’t make a whole lot of sense. There is a lot of pressure on these stocks going forward. He wouldn't touch this until it went down to $41.

TOP PICK
TOP PICK
January 11, 2018

This was a top pick because he wanted to keep the betas low, just in case there is a market correction any time in the next year. All the talk is about Keystone and their oil pipelines, but nobody is really paying attention that this has been accumulating a lot of gas pipelines and gas assets. Natural gas prices have been in the toilet for a long time, and that bodes well for them, because it is going to be the less pollutant, cheaper choice for the US moving forward. The dividend has been growing roughly in the 10% range which he expects will continue. Dividend yield of 4.2%. Trading around 20X PE. (Analysts' price target is $72.50.)

Show full opinionHide full opinion
TC Energy (TRP-T)
January 11, 2018

This was a top pick because he wanted to keep the betas low, just in case there is a market correction any time in the next year. All the talk is about Keystone and their oil pipelines, but nobody is really paying attention that this has been accumulating a lot of gas pipelines and gas assets. Natural gas prices have been in the toilet for a long time, and that bodes well for them, because it is going to be the less pollutant, cheaper choice for the US moving forward. The dividend has been growing roughly in the 10% range which he expects will continue. Dividend yield of 4.2%. Trading around 20X PE. (Analysts' price target is $72.50.)

COMMENT
COMMENT
December 15, 2017

Hold or Sell? He likes this here. They have a lot of good irons in the fire. They are suggesting an 8%-10% dividend growth out to 2021. 18X 2018 is not bad for an 8% EPS growth. He would prefer Enbridge (ENB-T) right now, but this is a fine name.

Show full opinionHide full opinion
TC Energy (TRP-T)
December 15, 2017

Hold or Sell? He likes this here. They have a lot of good irons in the fire. They are suggesting an 8%-10% dividend growth out to 2021. 18X 2018 is not bad for an 8% EPS growth. He would prefer Enbridge (ENB-T) right now, but this is a fine name.

WEAK BUY
WEAK BUY
December 14, 2017

The pipeline space is quite stable. Their plans are quite good. He could only own so many names in the space. He prefers PPL-T because they are diversified more into the mid-stream and infrastructure spaces.

Show full opinionHide full opinion
TC Energy (TRP-T)
December 14, 2017

The pipeline space is quite stable. Their plans are quite good. He could only own so many names in the space. He prefers PPL-T because they are diversified more into the mid-stream and infrastructure spaces.

COMMENT
COMMENT
December 8, 2017

He plays the energy/pipeline space through Pembina (PPL-T) where he sees a better growth profile. Likes their backlog of projects and the 5% dividend yield. Also, they are diversified amongst different commodities. Doesn’t think you will go too far wrong owning TransCanada.

Show full opinionHide full opinion
TC Energy (TRP-T)
December 8, 2017

He plays the energy/pipeline space through Pembina (PPL-T) where he sees a better growth profile. Likes their backlog of projects and the 5% dividend yield. Also, they are diversified amongst different commodities. Doesn’t think you will go too far wrong owning TransCanada.

PAST TOP PICK
PAST TOP PICK
November 24, 2017

(A Top Pick Sept 15/16. Down 8%.) *Short* (Pairs trade with a Long on TA-T.) He still has both positions on.

Show full opinionHide full opinion
TC Energy (TRP-T)
November 24, 2017

(A Top Pick Sept 15/16. Down 8%.) *Short* (Pairs trade with a Long on TA-T.) He still has both positions on.

PAST TOP PICK
PAST TOP PICK
November 7, 2017

(A Top Pick Nov 2/16. Up 13%.) Has been reducing this because you own this when you want to be in energy, but in a chicken way. At this point, there is no need to be defensive, and she would much rather own producing names.

Show full opinionHide full opinion
TC Energy (TRP-T)
November 7, 2017

(A Top Pick Nov 2/16. Up 13%.) Has been reducing this because you own this when you want to be in energy, but in a chicken way. At this point, there is no need to be defensive, and she would much rather own producing names.

Showing 61 to 90 of 1,063 entries