TC Energy Corp T.TRP

Too much of a good thing?

[Karl63]

Well, bought some more at $53.73, I just can't resist a bargain, especially with a 90 cent dividend coming shortly.  At that price the dividend is about 6.7%, near what Enbridge is.

But as we know the stock market can be a twisted b-t-h sometimes.  Is it really a good deal?  Is TRP really safe from coastal gas cost overruns or Keystone oil leaks?  Of course those risks are the reason we buy so well today . . .

[Canoutchie]

To put things in perspective, TRP is approaching pandemic sell-off prices that were last seen in the depths of the Covid pandemic fear of March 2020, when the stock market was pricing for a mass extinction event.  If you think that the world won't need pipeline shipments of oil and natural gas because they're now going to heat their homes with worthless US dollars in the aftermath of

[Al42]

yeah...picked up a few more as well. Bit over weight but I will re balance when it's back over 65

[SargeX]

Hey Karl I hear you on buying more. It is too hard to resist. I had to really scrounge to come up with some extra cash but over the last month I've picked up 340 more shares at an average price of $58.94, It may not have been perfect timing but I'm very confident it was really good long term timing. TRP has definitely devloped some additional issues with the Coastal Link over-run and

[Karl63]

Very wise words from Canoutichie, AI42 and Sargex; a smart crowd. My investment strategie isn't complicated, and while I'm certain that it's lacking in many ways, it's simple and works for me.  I look for larger cap (20B+) blue chip Canadian stocks that pay a good dividend (hopefully 4% or more) and then basically buy them when other investors are selling and vice versa.