TC Energy

TRP-T

TSE:TRP

61.41
0.66 (1.09%)
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
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%.

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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)

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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.

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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.)

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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%.

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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.

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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.

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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.

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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.

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.

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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.

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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.)

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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.

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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.

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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.

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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.

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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.

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