TC Energy

TRP-T

TSE:TRP

64.15
0.15 (0.23%)
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
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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TC Energy (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.
TOP PICK
TOP PICK
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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TC Energy (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)
BUY
BUY
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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TC Energy (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.
COMMENT
COMMENT
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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TC Energy (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).
TOP PICK
TOP PICK
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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TC Energy (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)

PAST TOP PICK
PAST TOP PICK
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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TC Energy (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.

BUY
BUY
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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TC Energy (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.

BUY
BUY
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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TC Energy (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.

COMMENT
COMMENT
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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TC Energy (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.

DON'T BUY
DON'T BUY
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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TC Energy (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.

COMMENT
COMMENT
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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TC Energy (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.

BUY
BUY
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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TC Energy (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.

HOLD
HOLD
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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TC Energy (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%.

PARTIAL SELL
PARTIAL SELL
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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TC Energy (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.

HOLD
HOLD
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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TC Energy (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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