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TC Energy Corporation (TRP.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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Have you guys ever heard of (
)? The picks on there are way better than TRP
Trudeau needs you to lose it all.
I think today is a good buy
Full blown recession? You own TRP? You are a very wise man
Did you see it? Languishing all day, the administration announces they are canceling the federal bid for offshore drilling and BOOM! Simple economics the less you have of something that is in demand the more valuable it becomes. TRP looked like a Saturn Rocket.
TRP on sale today...after a good 1st quarter results, high nat gas and oil prices, would expect this to lift.
I have owned TRP for years. Great dividend growth and stock price appreciation. Will continue to hold. Important part of my dividend income portfolio.
Maybe time to dip, full blown recession on the horizon
Yahoo Finance Insights
TRP-PE.TO reached a 52 Week low at 18.50
exercise caution when buying at these prices... I am selling half of my TRP holdings right now
Yahoo Finance Insights
TRP-PB.TO reached a 52 Week low at 12.74
TC Energy dividend growth is 97% the last 10 years
Media Advisory: Nikola and TC Energy Sign Joint Development Agreement for Co-Development of Large-Scale Clean Hydrogen Hubs
(full article on TC Energy website)
PHOENIX and CALGARY, Alberta. Oct. 7, 2021 – Media Advisory -- Nikola Corporation (Nasdaq: NKLA), (Nikola), a global leader in zero-emissions transportation and energy infrastructure solutions, and TC Energy Corporation (TSX, NYSE: TRP), (TC Energy), a leading North American energy infrastructure company, have agreed to collaborate on co-developing, constructing, operating and owning large-scale hydrogen production facilities (hubs) in the United States and Canada. Nikola’s Energy business unit and TC Energy are actively collaborating to identify and develop projects to establish the infrastructure required to deliver low-cost and low-carbon hydrogen at scale in line with each company’s core objectives. Furthermore, Nikola and TC Energy desire to accelerate the adoption of heavy-duty zero-emission fuel cell electric vehicles (FCEVs) and hydrogen across industrial sectors by establishing hubs in key geographic locations.
In the Globe and Mail today, price target $74.00, lets go!!!
A day after it announced a plan to jointly develop carbon transport and sequestration infrastructure with TC Energy Corp. (TRP-T +0.56%increase
), Mr. Catellier raised his rating Pembina Pipeline Corp. (PPL-T -1.79%decrease
) to “outperformer” from “neutral.”
“Consistent with our prior EV/EBITDA valuation, our DCF valuation includes a successful closing of the IPL acquisition at the current terms and conditions,” he said. “We have included only the $400-million of capital projects announced at the time of the offer, and none of the potential projects announced with the recent business update.”
His target for Pembina shares jumped to $47 from $39. The average on the Street is $40.44.
He also raised his target for TC Energy to $74 from $70, exceeding the $70.42 average, with an “outperformer” recommendation.
I have had many friends who were born in Canada,I sit,20 minutes away from Windsor.I mean no disrespect to Canada BUT how could the nation fumble such a golden opportunity to develop into an oil powerhouse?The 3rd largest reserves on the planet?Not too difficult to produce BUT the problem is in transportation.Oh well,global oil demand will continue to increase but the oil that is used will not be Canadian Oil.USA Democrats are social elitists with a lot of power who seek above all else control.All those good paying,legitimate jobs-gone.All the tax revenue-gone.TRP must absorb investment losses and TRP is not Amazon or Apple,losses hurt.Now what Canada?Enjoy the view from your pedestal thinking that you are saving the planet while Mexico.India,China etc. grow their industrial base.TRP is non-growth utility stock which will never sell for even a PE of 20.
Morningstar maintains 'fair value' @ $54. I still will hold as one of my favorite dividend payers:
Analyst Note Stephen Ellis, Sector Strategist, 5 Nov 2021 "TC Energy’s third-quarter results placed the firm on track to meet our full-year expectations, so we plan to maintain our fair value estimate and narrow moat rating. The firm is now guiding to lower dividend growth of 3%-5% annually compared with 5%-7% previously, but we think it is for a very good reason.
U.S. peers are struggling to find good projects to invest substantial capital behind, but TC Energy does not have that problem. With the struggle to find good projects, U.S. peers are being challenged on how to effectively return capital to shareholders while addressing balance sheet concerns in some cases. In contrast, TC Energy’s capital allocation approach has been reasonable and consistent for decades, and we don't see this shift as breaking that pattern. Broadly, the firm sees such strong investment opportunities across its asset portfolio, including renewables and low-carbon efforts, that it needs to free up cash to pursue these attractive opportunities.
This shift is a trade-off that we think investors should welcome. The company expects to add CAD 7 billion in new projects to its backlog in 2021 at an expected return of about 8%. TC’s backlog of secured projects has improved to CAD 22 billion in the third quarter, compared with CAD 20 billion at the end of 2020, and the company now sees the opportunity to land CAD 5 billion-plus in projects annually over the next few years. While long-term earnings growth guidance of 5%-7% hasn’t changed for now, the dividend shift will allow TC to reduce its reliance on the capital markets for a portion of its capital spending and likely suggests growth toward the higher end of that range, in our view".
From Globe and Mail Dec. 16, 2020 (paywall, so posted below)
Though he thinks its US$1.68-billion acquisition of TC Pipelines LP (TCP-N) “does not move the needle in terms of upside,” Industrial Alliance Securities analyst Elias Foscolos raised his rating for TC Energy Corp. (TRP-T) to “strong buy” from “buy” based on its recent trading price.
“We view the stock as one of the most attractively priced in our coverage universe due to its excellent suite of capital projects that excludes the Keystone XL Pipeline, which we believe is priced out of the market and now only provides upside,” he said. “Based on a current projected one-year return of 29 per cent we are upgrading TRP.”
Mr. Foscolos said he sees the updated deal, announced Tuesday, as “attractive” for TC Energy, despite being only mildly accretive, noting: “Our analysis indicates that TRP is offering 8.5 times EV/EBITDA2021 for TCP. Compared to its current trading multiple, which is also below its historical average, we consider the acquisition attractive. We believe that this acquisition has the potential to bring a very modest increase in comparable earnings per share and funds flow per share. TCP’s current asset base, which consists of 90-per-cent long-term contracted revenue streams, has an imbedded $700-million in growth projects in progress with the largest being the Gas Transmission Network (GTN) Xpress pipeline expansion. The GTN Xpress will enhance market access and reliability for growing WCSB supplies and allow additional market penetration along GTN’s system in the Pacific Northwest.”
The analyst thinks the integration of TCP should allow TC Energy to “shift towards a greater weighting in Natural Gas and become less reliant on crude oil transmission.”
“We forecast that the Company’s EBITDA will be 75 per cent comprised of natural gas transmission in 2024 compared to 70 per cent in 2018,” said Mr. Foscolos. “If the KXL is in service by 2023, it is projected to add $1.4-billion in EBITDA and would increase TRP’s exposure to crude oil transmission. Either way, we view this as having positive implications to its share price.”
He maintained a target price of $70 per share. The current average on the Street is $70.48.
“TC has a robust suite of capital projects that will support per share cash flow growth, leading to either dividend increases or alternative energy investments,” said Mr. Foscolos. “The Keystone XL pipeline, which faces opposition on many fronts, is priced out of our model and in our opinion priced out of its current share price. As the Company will not risk shareholder capital until certainty is established, this project only offers further upside.”
Added some here again. Great buy under $50 with solid dividend- and rating agencies upgrading debt to 'positive'. Cash flows will only improve from here!
Buy at $58 CDN and get 6% dividend. In February 2022, probably 3% dividend increase. Yield on cost will then be around 6.2%. Not bad income.
A very good day for TRP. I hope the earnings report next week doesn't scare anyone away. This is a great long term hold. Great company. Many growth projects. Slow and steady gains, growth.
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