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".
E
If the Whitehouse wanted oil why did they cancel The XL pipeline
C
Snagged some at 58 quatloos last August, time to set up another standing order there, let's see if it takes.
Six months ago, I was confident TRP was going to to settle in at $70+ this year, but the green madness has turned TRP into 6% bond.
C
Wow down $8 in a month. Management needs to do more to reassure shareholders with everything that is happening in B.C. that the pipeline is still on track and maybe an update on volumes to ensure we are all confident that we will still make Q4 guidance.
r
Rising inflation and interest rates will eat into the heavily indebted companies with high pe ratios and then the beureaucrats and indigenous climate change groups to deal with. I will get better returns elsewhere than in north America. Buying Brazil shares.
K
Looking for some opinions. I am long this stock, along with some other Canadian oil stocks.
Do you think now is a good time to add to TRP? As it’s lagging a few of the other names? Or will we likely see a little downtrend here for a while?
Thanks for any insight!
j
Media Advisory - Hyzon Motors and TC Energy announce hydrogen modular production hub development agreement
ROCHESTER, NY and HOUSTON – Nov. 10, 2021 – Media Advisory – Hyzon Motors Inc. (NASDAQ: HYZN), (Hyzon) a leading supplier of hydrogen-powered fuel cell electric vehicles, and TC Energy Corporation (TSX, NYSE: TRP) (TC Energy), today announced an agreement to collaborate on development, construction, operation, and ownership of hydrogen production facilities (hubs) across North America. -------------------------------
Full story at TC Energy website
a
We now expect to increase our common share dividend at an average annual rate of three to five per cent. While our previous outlook remains affordable and supported by the strong underlying performance of our business, we believe a modest change is prudent given our vast opportunity set. It will allow us to fund a larger portion of our future capital programs through internally generated cash flow, moderate our leverage and continue to deliver superior long-term total shareholder returns.”
j
This 20% collapse has put this stock to where it was 5 years ago. If the collapse continues, the dividend income will be erased. What is wrong with the company?
B
Coming up on 'add more shares' price territory!
j
TRP always go through these cycles, as long as I've owned it which is a very loooong time.
a
Why is this red?
C
Initiated a position at $63.55. I will add more if it dips at least another 2% :)
C
Adding shares before winter.
L
bought the dip at 59.84 but the dip got dipper at the end of the day
j
Why the collapse?
A
This is the worst investment in history. Cash out now. The futures of this corporation will be used paying lawyers and lawsuits. They have already spent millions in RCMP funding. This is a "go nowhere" company whos values are still set in the 1800's..
B
Nice to see TRP finally getting valuation it deserves! My best 'set it and forget it' position!
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".
Six months ago, I was confident TRP was going to to settle in at $70+ this year, but the green madness has turned TRP into 6% bond.
Do you think now is a good time to add to TRP? As it’s lagging a few of the other names? Or will we likely see a little downtrend here for a while?
Thanks for any insight!
ROCHESTER, NY and HOUSTON – Nov. 10, 2021 – Media Advisory – Hyzon Motors Inc. (NASDAQ: HYZN), (Hyzon) a leading supplier of hydrogen-powered fuel cell electric vehicles, and TC Energy Corporation (TSX, NYSE: TRP) (TC Energy), today announced an agreement to collaborate on development, construction, operation, and ownership of hydrogen production facilities (hubs) across North America.
-------------------------------
Full story at TC Energy website