TC Energy Corp T.TRP

Darren Sissons - BNN - TOP PICK

[Possibleidiot01]

TC Energy (TRP TSX)

An attractively priced total return national champion. Management executed a modest deleveraging via the sale of the non-core Columbia Gas/Columbia Gulf asset for $5.2 billion. It guided an annual dividend growth of three to five per cent moving forward from the current 7.7 per cent dividend yield base. Improved leverage metrics, annual dividend growth and completion of the Coast Gas Link in the third quarter of 2023 are catalysts supporting an improved share price performance. Should interest rate consensus prove correct, the expected decline in interest rates within two years will drive outsized share price performance for elevated dividend-yielding companies like TC Energy.

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TRP - Top Pick - Market Call https://www.bnnbloomberg.ca/market-call/darren-sissons-top-picks~2736893

[Possibleidiot01]

TOP PICK TC Energy(TRP-T) 31/07/2023   It is down nearly 32% in the past year. He recently bought it. Some assets are being sold resulting in a better balance sheet. The pipelines on the west coast are good for oil prices in Canada. Carbon based energy will still be in demand.    Buy 9  Hold 10  Sell 3 (Analysts’ price target is

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