TC Energy Corp T.TRP.P.E

This is a dumb idea

[soundandfury]

All this is gonna do is cost them hundreds of millions in additional executive salaries..........this is the exact opposit of an accreative aquisition.......more overhead costs with no real benefits to the bottom line of the company......combine some bad luck with dumb decisions and you get trp at 10 year low stock price........would not consider buying this company anytime soon

[autofocus111]

Management indicated  (forgot where I read the commentary) something to the effect that they don't have enough human resources to most efficiently manage all the projects on the books and this spinoff will help address that. But then I would ask... why not simply increase the resources within the company? I think this is a stealth move  to dump 'extra' debt ono the oil