Topic: How To Invest

The Successful Investor Hotline – Friday, April 3, 2020

Article Excerpt

TC ENERGY INC., $60.65, Toronto symbol TRP, is our #1 Income Buy for 2020. TC generates steady cash flow for investors mainly through a 92,600-kilometre pipeline network that pumps natural gas from Alberta to eastern Canada and the U.S. Its other operations include 4,900 kilometres of crude oil pipelines and 10 power plants. The company has announced a new deal to build the Keystone XL pipeline, which would pump crude from Alberta to Steele City, Nebraska. From there, the oil would travel through TC’s existing networks to U.S. Gulf Coast refineries. Under the new agreement, Alberta’s provincial government will invest $1.1 billion U.S. for an equity stake in the project. The province will also provide $4.2 billion U.S. in loans. After the new pipeline begins operations, TC will re-acquire the province’s stake. Note: TC still has some U.S. lawsuits to overcome in order to win full approval for Keystone XL. The planned pipeline would transport 830,000 barrels a day when it begins operating in…