TC Energy Corp T.TRP

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

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 Natural Gas business includes its 93,300 kilometers (km) (57,900 miles) network of natural gas pipelines, which supplies more than 25 % of the clean-burning natural gas consumed daily across North America to heat homes, fuel industries and generate power. The Oil and Liquids business has its oil & liquids pipeline infrastructure, approximately 4,900 km, which connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma, Texas and the United States Gulf Coast. Its portfolio of energy infrastructure assets includes investments in seven power generation facilities.

TSX:TRP - Post by User

TC Energy Corp > couple comments on spinoff

<< Previous

Bullboard Posts

Next >>

Comment by SargeXon Oct 04, 2024 1:58pm

96 Views

Post# 36253604

RE:RE:couple comments on spinoff

Hey Dean

Great to hear all is oging so well with you (as usual). I've seen a number of your posts on other boards and all your comments are spot on. Keep up the good work and good investing.

All is terrific down here. My wife and I just got back form a 2.5 week camping/hiking/walking/sightseeing trip to the N Cal redwoods and back up the Oregon coast. Amazing weather especially for the coast. Pretty much pure blue skies every day.

I do think there is a good chance that SOBO will work out well, especially in the medium term. That's why I decided to hedge a bit with the 15% sell yesterday, an additional 35% sell order open until Dec 31, and let the other 50% ride and see what happens. The additional TRP purchaes today and yesteday are probalby as much as we will add.

Take her easy
Sarge

DeanEdmonton wrote: Sarge - hope all goes great with you guys. WE are doing spectacular. As to SOBO, I have decided to hold onto all of them for now and see where they go. Somehow I have a feeling that with the high dividend and quality assts, even if they are oil pipelines, this thing is going to run up fairly quickly. Will be interesting to see which strategy pays out better in the long run. There sure is nothing wrong with upping the TRP holdings though, so you could easily do better than me. All the best, and stay well.
SargeX wrote: We are with RBC DI and got our SOBO shares right away yesterday morning. Today, our book cost showed up as $29.51 (which is consistent with others on this board).

I didn't like the idea of the spinoff from the get-go. I would have preferred leaving TRP as it was. Having said that, I really do like the new TRP with no oil (& Keystone) and lots of gas. I thnk it's better positioned for the long run.

My initial plan was to sell all our SOBO shares as soon as possible. After seeing the action yesterday morning and the big jump is the SOBO share price, I decided to only sell 15% of them at $31.05, I then used that cash plus some extra cash to buy some TRP at $59.83.

Today, I decided that it would have been far better to have sold ~50% of SOBO & bought more TRP at my yesterday prices (but such is life). I have decided to just buy the equivalent amount of TRP at $60.85 that the extra SOBO shares would be worth and put an open sell order in at $31.45 to balance.

I will probably sell the remainder of our SOBO if it gets to $40 but will enjoy the huge divy until then.

I thought some readers would like to see our approach with the hedging of our bets with the different sell dates.

Ciao
Sarge