TC Energy Corp T.TRP.P.E

Primary Symbol: T.TRP Alternate Symbol(s): TRPEF | T.TRP.P.A | T.TRP.P.B | TRPPF | T.TRP.P.C | TRPRF | T.TRP.P.D | TCENF | TCEYF | T.TRP.P.F | T.TRP.P.G | TCANF | T.TRP.P.H | TRP | T.TRP.P.I | TCNCF | TNCAF

Energy Oil & Gas Midstream

TC Energy Corporation is a Canada-based energy problem solver working to move, generate and store the energy in North America. Its segments include Canadian Natural Gas Pipelines, U.S. Natural Gas Pipelines and Mexico Natural Gas Pipelines, Liquids Pipelines and Power and Energy Solutions. The Company's business includes Energy Solutions, Natural Gas, Oil and Liquids and Power and Storage. The Natural Gas business includes its 93,300 kilometers (km) (57,900 miles) network of natural gas pipelines, which supplies more than 25 % of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. The Oil and Liquids business has its oil & liquids pipeline infrastructure, approximately 4,900 km, which connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma, Texas and the United States Gulf Coast. Its portfolio of energy infrastructure assets includes investments in seven power generation facilities.

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TC Energy Corp > my thinking on split

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Comment by SargeXon Aug 26, 2023 1:03pm

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Post# 35606766

RE:RE:my thinking on split

Hey Ariahp

First off, congrats on what I think is a most excellent buy. You will do well with this in the short-medium term. It's obviously up to you on what to do going forward, but if it was me, I'd think about selling half if it gets above $52 in the short term.

As far as the split goes, here's what I think is going to happen (and this is purely my own speculation and of course this is SH, so take everything with a grain of salt).

I think the split will be at a ratio of 3 TRP to 1 oil side, TRP is basically unloading the oil side and unfairly bogging it down with more than its share of debt. The new TRP is going to be very well received and is going to do really well with regular divy increases, price appreciation, etc.

The oil side is going to be a mess and I'm expecting a divy cut.

I'm not sure what we'll do when the time comes but for now, we're going to hold all our shares. I have a gut feel that we'll end up unloading at least half of the oil side and eventually add to the new TRP.

Good luck with whatever you decide.
Sarge

Ariahp wrote: Sarge

I recently bought 5.800 shares at $46.52. I am new to TRP. What does this split mean for me....and the dividend going forward. I am new to TRP.

As an aside, I do own PPL, KEY, ENB and SU

Your comments/opinion would be appreciated.