TC Energy Corp T.TRP.P.I

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

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

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Post by Possibleidiot01on Apr 25, 2024 3:14pm

153 Views

Post# 36007785

Robert Gill -BNN - Buy

COMMENT

Pipelines.

Overall, view on pipelines fairly bullish. Shipping energy off is to capture a higher price, a good idea. Does have favourites in the space, the order shifts over time based on fundamentals. He doesn't get attached. The business looks very positive going forward.

Favourite right now is TRP, as it's the most contrarian of the TRP, ENB, and PPL. PPL is great, but trades at a higher multiple. ENB has considerably more debt, a concern especially with higher interest rates.

Unknown if he owns

N/A

BUY

Tremendous network of pipelines, wonderful barrier to entry. Also 7 nuclear, gas, and power plants. Higher costs on Coastal GasLink created a buying opportunity. Spinning off lower-growth oil business to trim debt and focus on faster-growing nat gas unit. High returns, balance sheet stronger than some peers and improving, high yield of close to 8%. Attractive valuation. Likes it.

For more information, see the goodreid.com blog for his Globe and Mail article.

oil / gas pipelines

$49.250

Unknown

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