Great time for you to buy

Article Excerpt

TC ENERGY INC., $57.86, is a buy. The company (Toronto symbol TRP; Shares o/s: 939.8 million; Market cap: $54.4 billion; TSINetwork Rating: Above Average; Dividend yield: 5.6%; www.transcanada.com) generates steady cash flow for investors mainly through its 92,600-kilometre pipeline network; it pumps natural gas from Alberta to eastern Canada and the U.S. TC’s other operations include 4,900 kilometres of crude oil pipelines and 10 power plants. The company is now buying the Pioneer Pipeline from Tidewater Midstream and Infrastructure Inc. and TransAlta Corp. (Toronto symbol TA). The pipeline pumps natural gas from Drayton Valley, Alberta, to west of Edmonton. TC will integrate it with its existing network in the province. That will make it easier for power utilities in Alberta to convert their coal-fired plants to gas. TC will pay $225 million for Pioneer. Using acquisitions to expand adds to investors’ risk. However, Pioneer’s long-term shipping contracts with gas produces cuts that risk. risk…

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