TC Energy

TRP-T

TSE:TRP

61.99
0.07 (0.11%)
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
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.

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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.

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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.

COMMENT
COMMENT
November 1, 2017

Wouldn't be in a rush to buy this. If you have a portfolio that is filled with telcos and REITs, he would definitely stay away from pipelines. You are going to see the pipelines under pressure as interest rates go up. This one gives you about 4.5% dividend yield. Doesn't see a lot of growth potential in terms of share price in the near term.

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TC Energy (TRP-T)
November 1, 2017

Wouldn't be in a rush to buy this. If you have a portfolio that is filled with telcos and REITs, he would definitely stay away from pipelines. You are going to see the pipelines under pressure as interest rates go up. This one gives you about 4.5% dividend yield. Doesn't see a lot of growth potential in terms of share price in the near term.

BUY
BUY
October 31, 2017

He likes this company. It gives a good Canadian source dividend, and a company that is more than Canada on an energy standpoint. They’ve diversified into the US, so it's not just a Canadian pipeline. There are some catalysts in the next little while. The stock has been stuck around $60. Typically, you buy at $60 and sell at $65 so it looks interesting. Has a good 4% dividend yield that should grow. Probably $65-$70 is the next range for this stock.

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TC Energy (TRP-T)
October 31, 2017

He likes this company. It gives a good Canadian source dividend, and a company that is more than Canada on an energy standpoint. They’ve diversified into the US, so it's not just a Canadian pipeline. There are some catalysts in the next little while. The stock has been stuck around $60. Typically, you buy at $60 and sell at $65 so it looks interesting. Has a good 4% dividend yield that should grow. Probably $65-$70 is the next range for this stock.

TOP PICK
TOP PICK
October 20, 2017

On the growth/pipelines/utilities/telecom group, you are looking for guys that can grow earnings so that they can grow dividends. This company fits. There was a big US acquisition in 2016, which really helped. Although Energy East is now defunct, you get the dividend yield of 4%, along with the demonstrative plan of growth including the dividend over the next 5-7 years. A great place to hide, particularly in this environment where everything looks and feels a bit expensive. (Analysts’ price target is $72.)

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TC Energy (TRP-T)
October 20, 2017

On the growth/pipelines/utilities/telecom group, you are looking for guys that can grow earnings so that they can grow dividends. This company fits. There was a big US acquisition in 2016, which really helped. Although Energy East is now defunct, you get the dividend yield of 4%, along with the demonstrative plan of growth including the dividend over the next 5-7 years. A great place to hide, particularly in this environment where everything looks and feels a bit expensive. (Analysts’ price target is $72.)

COMMENT
COMMENT
October 3, 2017

This had everything going for it in the past couple of years. One thing that is looking a little more questionable is their growth plan going forward. With their Columbia acquisition, they have lots of growth in the US, but in Canada they have the LNG pipelines, which look to be suspect at best. He hopes that Keystone XL gets done. Even if that doesn’t go, the company has a great infrastructure program with all the natural gas pipelines they can build. There is probably not as much opportunity from these prices as there is with others.

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TC Energy (TRP-T)
October 3, 2017

This had everything going for it in the past couple of years. One thing that is looking a little more questionable is their growth plan going forward. With their Columbia acquisition, they have lots of growth in the US, but in Canada they have the LNG pipelines, which look to be suspect at best. He hopes that Keystone XL gets done. Even if that doesn’t go, the company has a great infrastructure program with all the natural gas pipelines they can build. There is probably not as much opportunity from these prices as there is with others.

PAST TOP PICK
PAST TOP PICK
September 11, 2017

(A Top Pick Nov 11/16. Up 7%.) A toll business, the product goes through the pipe and they collect the toll. Dividend yield of 4%. Still a Buy.

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TC Energy (TRP-T)
September 11, 2017

(A Top Pick Nov 11/16. Up 7%.) A toll business, the product goes through the pipe and they collect the toll. Dividend yield of 4%. Still a Buy.

BUY
BUY
August 24, 2017

It has been one of the stronger names in that space. They will grow the dividend 8-10% over the next few years. He has PPL-T instead, where you get more yield.

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TC Energy (TRP-T)
August 24, 2017

It has been one of the stronger names in that space. They will grow the dividend 8-10% over the next few years. He has PPL-T instead, where you get more yield.

WEAK BUY
WEAK BUY
August 22, 2017

TRP-T vs. ENB-T. TRP-T has generation as well as transmission. ENB has more retail as well as wholesale transmission. They are both favoured by income seekers. When there was talk of increasing interest rates at the BOC, these stocks tended to go down. This makes him nervous about the pipelines and utilities. He owns TRP-T and feels everyone should own one of them. You won’t go too far wrong with either one.

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TC Energy (TRP-T)
August 22, 2017

TRP-T vs. ENB-T. TRP-T has generation as well as transmission. ENB has more retail as well as wholesale transmission. They are both favoured by income seekers. When there was talk of increasing interest rates at the BOC, these stocks tended to go down. This makes him nervous about the pipelines and utilities. He owns TRP-T and feels everyone should own one of them. You won’t go too far wrong with either one.

HOLD
HOLD
August 17, 2017

(Market Call Minute) If it pulled back $2 more it would be in buy territory.

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TC Energy (TRP-T)
August 17, 2017

(Market Call Minute) If it pulled back $2 more it would be in buy territory.

COMMENT
COMMENT
August 8, 2017

Headlines today are all about Brascan Keystone. As a long-term investor, you want to ask yourself if you want to own a major North American mover of an energy commodity. This company fills that bill quite nicely. With their most recent acquisition of Columbia, they have a really good play on the whole North American energy infrastructure. Reasonably hedged between oil and natural gas. A great place to play in the dividend growth we have seen for 50 years, and will probably see down the road as well. A little pricey relative to Enbridge (ENB-T), but this is a great long-term ownership, particularly since we are not going to build a lot of new pipelines. Dividend yield of 3.9%.

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TC Energy (TRP-T)
August 8, 2017

Headlines today are all about Brascan Keystone. As a long-term investor, you want to ask yourself if you want to own a major North American mover of an energy commodity. This company fills that bill quite nicely. With their most recent acquisition of Columbia, they have a really good play on the whole North American energy infrastructure. Reasonably hedged between oil and natural gas. A great place to play in the dividend growth we have seen for 50 years, and will probably see down the road as well. A little pricey relative to Enbridge (ENB-T), but this is a great long-term ownership, particularly since we are not going to build a lot of new pipelines. Dividend yield of 3.9%.

COMMENT
COMMENT
July 26, 2017

Pipelines have had their problems politically, but the Keystone looks like it is on its way. This is going to give them another big source of revenue over time. He considers pipelines as utilities. Revenues are pretty predictable. (See Top Picks.)

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TC Energy (TRP-T)
July 26, 2017

Pipelines have had their problems politically, but the Keystone looks like it is on its way. This is going to give them another big source of revenue over time. He considers pipelines as utilities. Revenues are pretty predictable. (See Top Picks.)

BUY
BUY
July 24, 2017

It is a really good company. It is a low return-on-capital company, but it is expected to be. It is at a decent valuation, has a good dividend yield with a decent payout ratio. He would like to see the leverage down a little.

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TC Energy (TRP-T)
July 24, 2017

It is a really good company. It is a low return-on-capital company, but it is expected to be. It is at a decent valuation, has a good dividend yield with a decent payout ratio. He would like to see the leverage down a little.

BUY
BUY
July 13, 2017

This company has done something very unique in not dealing in Canada any more, but moving into the US. This has made a really large acquisition, so you should see some really good growth in the next little while. This acquisition allows them to make more acquisitions down the road. Great dividend yield.

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TC Energy (TRP-T)
July 13, 2017

This company has done something very unique in not dealing in Canada any more, but moving into the US. This has made a really large acquisition, so you should see some really good growth in the next little while. This acquisition allows them to make more acquisitions down the road. Great dividend yield.

SELL
SELL
July 4, 2017

There is just not enough going on for him to stick around. It is going to be interest sensitive, and he has been reducing his exposure to these names. Has a decent dividend of about 4%, but the stock is not cheap.

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TC Energy (TRP-T)
July 4, 2017

There is just not enough going on for him to stick around. It is going to be interest sensitive, and he has been reducing his exposure to these names. Has a decent dividend of about 4%, but the stock is not cheap.

TOP PICK
TOP PICK
July 4, 2017

A growth dividend payer. For pipelines, there is such a lead time in construction, contracts, etc. This has basically laid out 8%-10% earnings growth over each of the next 5 years with commensurate dividend growth. If you get that and you keep the current valuation, you are going to get 5 years of compound 12% a year or something. It’ll probably end up less, because rates are going to go up. A relatively safe way to park some money. Dividend yield of 4%. (Analysts’ price target is $72.)

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TC Energy (TRP-T)
July 4, 2017

A growth dividend payer. For pipelines, there is such a lead time in construction, contracts, etc. This has basically laid out 8%-10% earnings growth over each of the next 5 years with commensurate dividend growth. If you get that and you keep the current valuation, you are going to get 5 years of compound 12% a year or something. It’ll probably end up less, because rates are going to go up. A relatively safe way to park some money. Dividend yield of 4%. (Analysts’ price target is $72.)

HOLD
HOLD
June 23, 2017

The prospects for this company with Keystone has improved significantly. Trump’s positive approach to this is not going to go away. The States they are involved with seem to have a positive attitude towards it.

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TC Energy (TRP-T)
June 23, 2017

The prospects for this company with Keystone has improved significantly. Trump’s positive approach to this is not going to go away. The States they are involved with seem to have a positive attitude towards it.

BUY
BUY
June 22, 2017

This company and Enbridge (ENB-T), which he owns, are not too dissimilar. Both made very large US acquisitions, and this is where growth comes from for the next while. You could own either as they will both do very well over the next several years. Once they integrate their acquisitions in, you will see much better cash flow growth, but more importantly, you will see their ability to make even bigger acquisitions.

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TC Energy (TRP-T)
June 22, 2017

This company and Enbridge (ENB-T), which he owns, are not too dissimilar. Both made very large US acquisitions, and this is where growth comes from for the next while. You could own either as they will both do very well over the next several years. Once they integrate their acquisitions in, you will see much better cash flow growth, but more importantly, you will see their ability to make even bigger acquisitions.

HOLD
HOLD
June 21, 2017

Sell TransCanada (TRP-T) and move into Enbridge (ENB-T)? He would keep this as well as buying into Enbridge. You can’t really go wrong with both.

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TC Energy (TRP-T)
June 21, 2017

Sell TransCanada (TRP-T) and move into Enbridge (ENB-T)? He would keep this as well as buying into Enbridge. You can’t really go wrong with both.

HOLD
HOLD
June 16, 2017

An interesting time to be in the pipeline business in Canada, because after being viewed as a growth stock, they are now viewed as “don’t touch” because of all the uncertainty. It’s a good company.

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TC Energy (TRP-T)
June 16, 2017

An interesting time to be in the pipeline business in Canada, because after being viewed as a growth stock, they are now viewed as “don’t touch” because of all the uncertainty. It’s a good company.

PAST TOP PICK
PAST TOP PICK
June 14, 2017

(A Top Pick May 10/16. Up 28%.) Doesn’t own this anymore, because of valuation. He likes Enbridge (ENB-T) better because it is cheaper, and has a better trajectory, but with more risk. You are probably going to do well with both, and the rate of return might be close to being the same. Both are fantastic core holdings for anybody’s portfolio.

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TC Energy (TRP-T)
June 14, 2017

(A Top Pick May 10/16. Up 28%.) Doesn’t own this anymore, because of valuation. He likes Enbridge (ENB-T) better because it is cheaper, and has a better trajectory, but with more risk. You are probably going to do well with both, and the rate of return might be close to being the same. Both are fantastic core holdings for anybody’s portfolio.

COMMENT
COMMENT
April 27, 2017

TRP-T vs. PPL-T. PPL-T has been expensive historically because management is worthy of it and so he would go for this one. He owns EMB-T because of the advantage that whoever you have to pay bills to you should own them. They have growing dividends at 8-10%. He likes the premium management of PPL-T and it is worthy of an increased multiple.

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TC Energy (TRP-T)
April 27, 2017

TRP-T vs. PPL-T. PPL-T has been expensive historically because management is worthy of it and so he would go for this one. He owns EMB-T because of the advantage that whoever you have to pay bills to you should own them. They have growing dividends at 8-10%. He likes the premium management of PPL-T and it is worthy of an increased multiple.

PAST TOP PICK
PAST TOP PICK
April 20, 2017

(A Top Pick Dec 23/16. Up 4%.) He thought there might be some uptick if the Keystone pipeline was approved and the integration of the Columbian pipeline. A great name to continue to hold. They are projecting dividend growth of over 10% over the next 3 years. They have $23-$24 billion of projects coming on in Mexico, the US and Canada.

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TC Energy (TRP-T)
April 20, 2017

(A Top Pick Dec 23/16. Up 4%.) He thought there might be some uptick if the Keystone pipeline was approved and the integration of the Columbian pipeline. A great name to continue to hold. They are projecting dividend growth of over 10% over the next 3 years. They have $23-$24 billion of projects coming on in Mexico, the US and Canada.

HOLD
HOLD
April 4, 2017

Preferred series K, 4.9%? This company has a number of preferred shares outstanding, and he believes the K series has the floor feature which is relatively new. He would call this a great issue. You’ve got the coupon, you’ve got the floor feature, so you are protected.

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TC Energy (TRP-T)
April 4, 2017

Preferred series K, 4.9%? This company has a number of preferred shares outstanding, and he believes the K series has the floor feature which is relatively new. He would call this a great issue. You’ve got the coupon, you’ve got the floor feature, so you are protected.

BUY
BUY
March 31, 2017

Keystone will provide an earnings pop. A tremendous amount of growth will take place in materials over the next 5 years. It provides very good visibility. It will drive high single digit dividend growth. It is a good investment for growth and income. He does not think they will cut the dividend.

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TC Energy (TRP-T)
March 31, 2017

Keystone will provide an earnings pop. A tremendous amount of growth will take place in materials over the next 5 years. It provides very good visibility. It will drive high single digit dividend growth. It is a good investment for growth and income. He does not think they will cut the dividend.

COMMENT
COMMENT
March 9, 2017

The best time to buy any oil or gas stock is when there has been a big downturn in the oil/gas price. Pres. Trump has invited the company to submit applications for presidential approval. The Keystone is going to be an $8 billion project, and expected to generate about $1 billion operating cash flow in 2020. That is worth about $8 a share in upside. However, the stock hasn’t moved since the election.

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TC Energy (TRP-T)
March 9, 2017

The best time to buy any oil or gas stock is when there has been a big downturn in the oil/gas price. Pres. Trump has invited the company to submit applications for presidential approval. The Keystone is going to be an $8 billion project, and expected to generate about $1 billion operating cash flow in 2020. That is worth about $8 a share in upside. However, the stock hasn’t moved since the election.

COMMENT
COMMENT
March 3, 2017

He believes that the Keystone XL pipeline is going to go ahead. Trump is a dealmaker, and this is one that he ran on. When he said that US steel had to be a part of the construction, it gave him a little concern. However, he thinks that 50% of the steel that they have already purchased is US.

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TC Energy (TRP-T)
March 3, 2017

He believes that the Keystone XL pipeline is going to go ahead. Trump is a dealmaker, and this is one that he ran on. When he said that US steel had to be a part of the construction, it gave him a little concern. However, he thinks that 50% of the steel that they have already purchased is US.

PAST TOP PICK
PAST TOP PICK
February 17, 2017

(Top Pick Feb 5/16, Up 30.97%) The whole sector was starting to break down. He does not hold this one anymore. He now has ALA-T and SLB-N.

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TC Energy (TRP-T)
February 17, 2017

(Top Pick Feb 5/16, Up 30.97%) The whole sector was starting to break down. He does not hold this one anymore. He now has ALA-T and SLB-N.

COMMENT
COMMENT
February 14, 2017

This has had a fantastic run over the last year or so. Pretty much everything has gone right for them. He would prefer a better entry point. Has been trimming his position over the last 6 months. The long-term dividend growth rate is going to be in the 8%-12% range. The Columbian pipeline acquisition looks really good. 3.2% dividend yield.

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TC Energy (TRP-T)
February 14, 2017

This has had a fantastic run over the last year or so. Pretty much everything has gone right for them. He would prefer a better entry point. Has been trimming his position over the last 6 months. The long-term dividend growth rate is going to be in the 8%-12% range. The Columbian pipeline acquisition looks really good. 3.2% dividend yield.

TOP PICK
TOP PICK
February 2, 2017

TRP.PR.K-T. 4.75% yield. The VIX is about as low as it has ever been. Where do you park money when you are concerned. This has a floor yield. Some reset preferreds got reset at lower and lower rates. 5 years when this one comes up for renewal it will still be at a 4.5% or higher yield. It is a wonderful alternative to fixed income. The company could buy them from you in 5 years, but not until then.

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TC Energy (TRP-T)
February 2, 2017

TRP.PR.K-T. 4.75% yield. The VIX is about as low as it has ever been. Where do you park money when you are concerned. This has a floor yield. Some reset preferreds got reset at lower and lower rates. 5 years when this one comes up for renewal it will still be at a 4.5% or higher yield. It is a wonderful alternative to fixed income. The company could buy them from you in 5 years, but not until then.

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