TC Energy Corp T.TRP

Lorne Steinberg - BNN - Buy

[Possibleidiot01]

I like comparisions.

BUY

TC Energy(TRP-T)

01/02/2024

 

TRP vs. ENB vs. FTS for income in an RRSP.

ENB has lots of debt, which company has indicated it's going to reduce, which means slower dividend growth over time. Yield is 7.6%.

FTS is less levered. For a pure income play, he'd choose this one over ENB.

His favourite play in the entire sector is TRP. Less levered than ENB. Healthy dividend yield, and more room for growth. More room for growth in general. 

oil / gas pipelines

 

N/A

Unknown if he owns

[luscar99]

If what you're looking for is income there is absolutely no reason to pick the common over the preferred shares. And that's true for all the above mentioned companies. The pref shares have higher yield and are safer. They also pretty much guaranteed to increase in value if the interest rates come down.