TC Energy Corp T.TRP

RE:Rebecca Teltscher- BNN - TOP PICK

[Red_Deer]

This ANALYST is Totally WRONG Stating that TRP is Trading @ 15 YEAR LOWS

Possibleidiot01 wrote:

TOP PICK

TC Energy(TRP-T)

05/09/2024

 

Stock's broken out, but still trading at 15-year lows. Will continue to do well. Benefits from Coastal GasLink. TRP touches 30% of natural gas molecules produced in NA. Good infrastructure, stable assets. Yield is 6%.

Likes the pipeline space with its stability and growth.

(Analysts’ price target is $62.12)

oil / gas pipelines

 

$63.110

Owned

TC Energy (TRP TSX)

TC Energy is an energy infrastructure company that operates critical and irreplaceable natural gas and oil pipelines as well as power generation in North America. Despite the near-term appreciation in the share price, its valuation is at 15-year lows and its dividend yield is over six per cent. We continue to find TC energy attractive at these levels. We like this company for the long term as we remain bullish on Natural Gas and TC Energy’s ability to transport the molecule across North America. TC Energy delivers 30 per cent of Natural Gas demand across North America with 97 per cent of EBITDA underpinned by rate regulation and long-term contracts. The stability of their earnings coupled with the growth in demand for natural gas should continue to push the stock price higher.