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

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... see more

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TSX:TRP - Post Discussion

TC Energy Corp > Lorne Steinberg - BNN - Buy

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Post by Possibleidiot01 on Feb 01, 2024 2:49pm

Lorne Steinberg - BNN - Buy

I like comparisions.

BUY

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

454

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Comment by luscar99 on Feb 03, 2024 1:37pm

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.

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TC Energy Corp