Topic: How To Invest

The Successful Investor Hotline – Friday, January 3, 2020

Article Excerpt

TC ENERGY INC., $68.73, Toronto symbol TRP, remains a buy. TC generates steady cash flow for investors mainly through the 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 is currently developing $30.3 billion of new pipelines and other projects. Among those new projects is the Coastal GasLink pipeline, which will pump natural gas from northeastern B.C. to a new liquefied natural gas (LNG) facility in Kitimat, B.C. From there, tankers will carry the LNG to markets in Asia. The pipeline should start operating in 2023. TC is now cutting the risk of the Coastal GasLink project by selling 65% to KKR & Co. Inc. (New York symbol KKR) and Alberta Investment Management Corporation. The company expects to record an after-tax gain of $600 million when it completes the sale in the first half of 2020, which should boost investor value. It…

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