TC Energy Corp TRP

my thinking on split

[SargeX]

I really don't like the idea of splitting out the oil side. It will be great for the new gas side but it will be terrible for the oil side with how TRP is shuffling such a big chunk of the debt to the oil side. I suspect people will be dumping the oil side as soon as they can after the split is completed. I also expect a divy cut on the oil side as it will be quite a mess.

Based upon what I understand of their EBITDA, the split should be 1 oil for every 3 gas so I think with how the oil side is going to get crushed, it is going to be a net negative. 

I guess we'll see how it plays out but just to hedge a bit, I plan on selling our last mid-July buy of 400 shares at $50.14 if it gets to $52.50 just to take some profits.

Ciao
  Sarge

[Ariahp]

Sarge I recently bought 5.800 shares at $46.52. I am new to TRP.  What does this split mean for me....and the dividend going forward.  I am new to TRP. As an aside, I do own PPL, KEY, ENB and SU Your comments/opinion would be appreciated. 

[SargeX]

Hey Ariahp First off, congrats on what I think is a most excellent buy. You will do well with this in the short-medium term. It's obviously up to you on what to do going forward, but if it was me, I'd think about selling half if it gets above $52 in the short term. As far as the split goes, here's what I think is going to happen (and this is purely my own speculation and of course

[Ariahp]

Hey Sarge: Thanks for responding to my question.  Both of us went trhrough the IPL movie and in hindsight I have done well by convertinl all IPL into PPL. Anyways so If I have say 6,000 TRP ( I chose the DRIP option) , you speculate that I will get 2,000 oil shares and no Gas shares. That sucks . I will convert into the gas side at the earliest without hopefully triggering big capital

[SargeX]

Hey Ariahp You're welcome on the response. It certianly is interesting times for TRP. Just to be clear on what shares you would get with a 3:1 ratio on your 6000 current shares. You'd get 4500 TRP gas side and 1500 new oil side. The gas side is basically the new TRP and will continue to trade as ticker TRP. I strongly think it will be the better of the two and will continue with regular

[Ariahp]

Sarge: Thanks for clearing the math for me 4,500 & 1,500 (3 to 1). I suppose the oil side will depend on the price of oil at that time. IF and that is a big If...Oil is trading at $100 a barrel we all could be making hay while that sun is shining.LOL I am just glad I quickly got into TRP by selling IGM. The dice is rolled and I personally think we all will do well. I used to work at TRP.....