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TSE:TRP

TC Energy (TRP.TO)

96.91
+0.58 (0.60%)
as of Jun 22, 2026, 7:59:59 pm Market Open.
815 watching
0
BUY
A good, stable, cash flowing security. We need more pipelines and they have a good set of growth prospects.
BUY
One of those great Canadian companies that over time does the major job of being an infrastructure play. Moves oil/gas from production areas to consumption areas. Reasonably insulated. Has a capital cost advantage. You can own it for the current yield as well as future growth down the road. Dividend of over 4%. Stock could climb as much as 7% in the next year.
DON'T BUY
Sold his holdings before the Keystone issue came up. Has never liked this because of its power exposure. This is a tricky field to get right and recently they're having difficulties in York at the Ravenswood facility. Prefers others.
COMMENT
Nice dividend and decent growth. Not just a pipeline but also in the electricity business among other things. Stock has been treading water awaiting a decision on the Keystone Excel pipeline and this is not going to happen until after the US election. He believes it will go through. Even if it doesn't, this is still a good company. Another problem is their main natural gas pipeline, which has not been running at full capacity.
DON'T BUY
Some of their pipelines include natural gas, and there is a glut so demand has not been there. Has impacted earnings but earnings are still growing. Keystone will probably get built sooner, rather than later. Trading at 18-19 times earnings, which is too high. The only reason to own the stock is if you are looking for dividends. Prefers Canadian Utilities (CU-T).
BUY
Like a lot of the pipelines, a lot of it's business now is power along with pipelines. Weather can make an awful difference quarter to quarter. This company looks okay.
HOLD
Over the last year they have gone sideways while market went down 10-11%, so that is good. Disappointed with what happened with keystone, but that appears to have resolved itself. Thinks it will go through. It will take a year to benefit from this so would not be surprised if TRP goes sideways for another year but you have the yield in the meantime.
BUY
(Market Call Minute) Firmly in the pipeline space, strong part of market space.
DON'T BUY
Have never felt comfortable paying the multiples that this trades at. Doesn't really have a lot of potential growth ahead of it. Keystone will still happen but this is still a regulated utility limits on how fast they can grow. Trading at 15-16 times earnings. He prefers something with good growth potential to it.
COMMENT
Enbridge (ENB-T) or TransCanada (TRP-T)? On a short-term basis, both of them are pretty expensive. He would wait for opportunities to pick them up in a correction. They are both trading at PE’s that are above the market. Just pick the cheapest one at the time. Both have great long-term prospects.
PAST TOP PICK
(A Top Pick Apr 6/11. Up 13.34%.)
HOLD
Not a big fan of the utilities right now. They are safe havens and the prices are really high right now, relative to their earnings. There is a lot of expectation built in but at the same time, you will still get that 3%-4% decent yield. You are getting almost 5%-6% increases in dividends. If Keystone goes through, this will be the next big boom for them.
HOLD
Share price performance will be somewhat range bound over the next few months because there has to be some resolution on items such as the northern leg of Keystone as well as the ruling on the tolls on the mainline. Also having discussions around the New York power market. Once these issues are resolved you will see some decent price appreciation.
PAST TOP PICK
(Top Pick Apr 6/11, Up 12.20%) Likes it with or without keystone. Likes the growth prospects. Lots of other projects besides Keystone. He cut to a single weight.
PAST TOP PICK
(Top Pick Nov 30/11, Up 3.71%) Announced 2.8 billion in new purchases. Good buy, but there is noise.
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