TC Energy Corp T.TRP.PR.E

Delusion & Ignorance......

[mrmomo]

I haven't visited this board in some time, in a very long time actually, but with the recent news i decided to come for a visit. And to my surprise, after reading some comments in reaction to the recent development, it seems most folks here are totally delusional or ignorant,,....,,maybe even both. Because it seems clear to me, that most folks who are posting comments here either haven't completed their high school diploma, didn't take (or attend!) a basic economics 101 course or are totally oblivious to the mechanics of finance in general. Again, maybe ALL of the above.....for some.

Seriously folks, WTH did you expect would happen? A comany, which is HEAVILY indebted btw, to the tune of a mindblowing eye popping (pooping might be more appropriate here lol!) $60BBBB, YES that's B for a billion......and NO ...... you're NOT dreaming and this isn't the Twlight Zone. Really people, i suggest some of you smarten up......FAST.... and either get some refresher courses in basic economics or do some much needed DD in the company.

For those that STILL don't get it, i'll just say the following. Carrying THAT much debt, whic btw the company's mgmt should have been smarter than that NOT TO  & and should have been more proactive in their risk management before waiting to last minute to act, is not only detrimental for ANY company, it's lethal/fatal when rates are rising FAST. That level of debt load was maybe manageable with 0 or near 0 interest rates, BUT it just does NOT fly when rates start to rise quickly to near double digits and margins start to get squeeeezed. This IS NOT a surprise that the company was in a......let's say "small" bind.......and was bascially FORCED to start liquidating some assets.....at bargain prices!!!.... for liquidity, re-balancing risk managment and to avoid certain potential issues which may lead to getting crushed to insolvency.

The reaction in the stock price here isn't a surprise. Because the market & most investors probably know TRansP sold those assets under somekind of duress, well below what they were worth, because the company was more or less "forced" to sell them. And not at a time or price of their OWN choosing. These are the results you get when you're in a diffilcult bind and under duress to survive and have a fiduciary duty to perform to s/h.

Anyways.........i hope this was/is a GOOD, hard lesson for folks, even though it could be a costly one for some here.  And i hope i cleared up some "confusion" & misinformation which may have contributed to your bewilderment & the waters being somewhat muddled regarding this unfortunate tragedy....

GLTA

[tylerreddick]

Mr. Know-It-All has spoken

[RayDonovan78]

Yes because he has his high school diploma....but I think he failed spelling.....Lol

[mrmomo]

I come here for some serious discourse & enlightenment, and what do i get instead? Being jumped on & attacked by 2 poor schmucks trying to carJack my post, attempting to change the narrative to something which makes your brain go to JellO..........Oh wellll...... I just have this to say to the folks reading this thread, if you don't know WHO this crime fighting Duo of Ray Ray "

[tylerreddick]

"I come here for some serious discourse & enlightenment" What everyone sees is someone simply spewing their opinion, which more often than not is fueled by bad DD, if any real DD whatsoever.

[RayDonovan78]

I am very sorry for looking into your glass house, hopefully you will get through the day without your feathers being ruffled again.

[masfortuna]

Mr. Momo...Interest rates are not at double digits and as for the Columbian assets, they were on the table for the last 3 years (since the covid era). Without cash and a large debt, they could not build tem out.  Insofar as the debt load is concerned, Pipelines ALWAYS carry debt on their books.  The issue here is the fcf and if it is sufficient to carry the divy. That's why the sp

[mrmomo]

Ahhhh.........The game's NOWS afoot with the appearance of a third "muskateer" & the re-emergence of our dear long lost friend Sir NoMasFortuna. Welcome back Carter i guess......or should i say NoMas! Well, since you've made your presence known & decided to chime in by casting another stone in my direction, so be it ......But first......Let me just clarify a "few

[masfortuna]

Seriously mate... #1 You stated they have double digit interest rates on their loan book.  THEY DON'T. If the fed keeps raising rates, they will.  So will everybody else. #2  Columbia is not the place I would want to invest in at the moment and apparentlt neither does TRP.  They are poised for a nationalization " a la Hugo Chavez" of international assets.