TC Energy Corporation (TRP)
TC Energy Corp (TRP) Shares Down 9.62% on Oct 2
Shares of TC Energy Corp (TRP, Financial) fell 9.62% in mid-day trading on Oct 2. The stock reached an intraday low of $43.46, before recovering slightly to $43.72, down from its previous close of $48.37.
Tower Resources is confident as it counts down to NJOM farm-out deal, eyes ‘early 2025' spud
Tower Resources PLC (AIM:TRP) is now entering the final countdown to its hotly anticipated funding deal, to allow its drilling of the NJOM-3 well in Cameroon. The company, in its interim results statement out today, told investors it has a proposal for a farm-out to ‘a substantial upstream company', and it is now in discussions with the new potential partner.
TC Energy: 6% Yield Amidst A North American Energy Boom
TC Energy is a compelling investment for dividend-focused investors with its 6% yield, steady cashflows, and 24 years of consecutive dividend raises. TRP's robust growth prospects are driven by North American natural gas demand, project completions like Coastal GasLink, and a simplified business model post-South Bow spinoff. Despite not being a bargain at $47, TRP's valuation remains reasonable with a P/CF ratio within its historical range, with potential for market-beating returns.
TC Energy's Pipeline Deal With Indigenous Communities Hits Snag
TRP continues to focus on finalizing a deal with an indigenous-owned investment partnership for the NGTL System and the Foothills Pipeline assets.
TC Energy's Coastal GasLink pipeline fined again for environmental non-compliance
TC Energy's Coastal GasLink pipeline in western Canada has been fined C$590,000 ($434,558) for 10 environmental non-compliance penalties, the British Columbia government said on Thursday, taking its total penalties to nearly C$1.4 million.
TC Energy To Spin-Off South Bow On October 1, 2024
On September 09, 2024, TC Energy Corp (NYSE, TSX: TRP, $45.88, Market Capitalization: $47.5 billion) announced the distribution record date and timelines for a tax-free spin-off of the Liquids Pipelines business into South Bow Corporation (South Bow). As per the arrangement, TC Energy Corp. (TC Energy) shareholders will keep their stake in TC Energy and gain a proportional interest in South Bow.
TC Energy Stock At 52-Week High: Is There More Opportunity?
TRP stands out as a dividend aristocrat, set to increase its dividend for the 25th consecutive year in 2024.
TC Energy's pipeline stake sale delayed
Pipeline operator TC Energy said on Tuesday that a deal to sell a minority stake in its Canadian natural gas pipeline system to indigenous communities has been delayed due to an identified transaction structuring issue.
TC Energy (TRP) Concludes Sale of Natural Gas Assets Worth $1B
TC Energy (TRP) states that the sale of the Portland Natural Gas Transmission System is part of its commitment to deliver $3 billion in asset divestitures.
TC Energy: Get Paid 6.4% To Own Low-Risk Mission-Critical Pipelines
The midstream sector, especially TC Energy, has gained prominence for income investors due to its stable, volume-based revenue streams. TRP benefits from a robust North American infrastructure and growth in natural gas demand, supported by strategic divestitures and new investments. With a 6% dividend yield and improving financials, TRP offers strong income potential. However, currency risks and modest dividend growth may be concerns.
TC Energy (TRP) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
TC Energy (TRP) anticipates its 2024 comparable EBITDA to be between C$11.2 billion and C$11.5 billion, and net capital expenditures in the range of C$8-C$8.5 billion.
TC Energy (TRP) Partners With Indigenous Communities in Canada
TC Energy's (TRP) historic partnership with the Indigenous Communities should enable the latter to gain access to long-term revenue sources, creating a positive change for the communities.
