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TC Energy Corporation (TRP)

NYSE - NYSE Delayed Price. Currency in USD
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45.03+0.72 (+1.62%)
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  • f
    fdsafa
    Just lovin' that Preferred Series 7 (TRP-PD.to) that I picked up about one year ago. The great thing about it is that it's a preferred rate-reset share that will either have to be rolled at maturity to a new series with the new rate set above bank rate, or it'll need to be redeemed by TRP for its face value of $25. Win, Win, Win.....
  • D
    Dan
    Does this keep the momentum it has? Huge fan of the dividend and how after a bloody two days this held its own.
  • L
    Lee
    bought 800 shares today, hopefully we get good news from opec meeting and div in less than 30 days might get a run up
  • M
    Matt R
    At least this is green today 😂
    Bullish
  • C
    Craig
    TLDR; Forget the twinning of Keystone (i.e. XL) - have a look at the *significantly* larger revenue stream of TC's 'take or pay' contracts on the gas distribution side of the business (meeting 25% of U.S. Gas demand). Forest for the trees. Predicting the future price of a stock - no one has a crystal ball, however, sometimes it's important to understand the sources of TC's revenue stream (and quality of revenue, measured by contract duration and structure). IMO, TC is GOOOOOD.

    I'm not sure why many are so focused on Keystone XL. Yes, it would increase TRP's revenue stream. It is also important to remember - TC Energy transmits 25% of all U.S. natural gas demand - renewable and CLEAN energy ( = thermal IPP gas generation) trasitions are major drivers of growth, and sustained earnings. With the policy shift for gassification of coal (thermal) generating stations, TC's gas business has significant room for sustained earnings, and growth (not to mention, their general gas utility businesses, and commercial demand for gas and liquids). Keystone (XL is simply the twinning of Keystone) operates at max capacity, while the gas AND oil netwrks operate on a 'take or pay' toll model. Even if a producer / client is *not* shipping (a marginal cost, relative to the toll rate to required for the option to ship - 10+ year contract basis), contract holders STILL have to pay as option (contract) holders, even if they do not utilize the networks (which is far more expensive than exercising the option to ship) - a solid revenue generating stream, regardless of whether or not oil and gas is moving.

    Then, there is the Power portfolio, green power initiatives, the liquids business... Have a look at TC's business model, pipeline networks, subsidiary businesses. I cannot predict the future, but I am not too concerned. If TC does not playout, any smart investor utilizes diversification.
  • B
    Brent
    Great company. A wonderful 7.8% dividend raise. I’m now at over 14% yield on cost. Also great upside as the economy recovers. The stock is 25% undervalued.
  • T
    Terry
    I held TCP from Jan, 2009 and I miss it. However, after doing DD, TRP appears to be an outstanding company. I'm keeping my shares.
    Bullish
  • d
    don
    cheap stock will be in the 70s by year end
  • D
    Dennis
    Great dividend. Solid financials. Positive EPS. I use this as my "savings" account since the share price seems pretty stable over the years. With the ups and downs of the share price, the overall seems to rarely drop much below 40, so that was my entry point and it is paying much better than any bank account I have.
  • P
    PARAM
    Added 1000 @ 53.64 today.
  • B
    Brewster
    I'm all for being 'environmentally responsible' - but what it comes down to is nothing can be done since 'Mother Nature' herself is still the biggest polluter! Activity is picking up again in Iceland
    https://www.wired.com/2013/06/local-and-global-impacts-1793-laki-eruption-iceland/
    Bullish
  • d
    don
    cheap $70 stock
  • K
    K
    So why is this stock flat/dropping when other oil companies are way up the past week??
    Neutral
  • P
    Peppino
    I am not sure why Texas a state with abundant fossil fuel resources is suffering so badly during a polar vortex.I assume it for a number of reasons one of which may be that the infrastructure in Texas is not winterized?The suffering is on the level of a natural disaster?In Winnipeg it would just be another tuesday!
    Neutral
  • B
    Brittany
    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.
  • j
    joe
    The TCP merger happens right now. No more TCP. TCP is now part of TRP. The 70% exchange was total robbery of the TCP share holders. They now have 30% less shares and a 20% smaller dividend. My guess is the TRP company will spend most of their profits and future profits paying their lawyer friends. Look for a dividend cut shortly to pay the legal fees. Bad move, shareholders will pay deadly.
  • B
    Brewster
    Beat! - With dividend raise:)

    TC Energy reports record earnings again in 2020
    02/18/2021 | 07:31am EST
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    CALGARY, Alberta, Feb. 18, 2021 (GLOBE NEWSWIRE) -- TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced net income attributable to common shares for fourth quarter 2020 of $1.1 billion or $1.20 per share compared to net income of $1.1 billion or $1.18 per share for the same period in 2019. For the year ended December 31, 2020, net income attributable to common shares was $4.5 billion or $4.74 per share compared to net income of $4.0 billion or $4.28 per share for 2019. Comparable earnings for fourth quarter 2020 were $1.1 billion or $1.15 per common share compared to $970 million or $1.03 per common share in 2019. For the year ended December 31, 2020, comparable earnings were $3.9 billion or $4.20 per common share compared to $3.9 billion or $4.14 per common share for 2019. TC Energy's Board of Directors also declared a quarterly dividend of $0.87 per common share for the quarter ending March 31, 2021, equivalent to $3.48 per common share on an annualized basis, an increase of 7.4 per cent. This is the twenty-first consecutive year the Board has raised the dividend".
    Bullish
  • F
    Frank
    Am i correct in that the increased dividend annualized is now $3.48 canadian or $2.74 in U.S dollars??
    Bullish
  • F
    Frank
    What is the current dividend after todays announcement?
    thanks is advance!
    Bullish
  • J
    JP
    When was the last time the divvy was NOT increased on an annual basis?