Topic: How To Invest

The Successful Investor Hotline – Friday, July 5, 2019

Article Excerpt

TC ENERGY INC., $65.18, Toronto symbol TRP, is the new name for TransCanada Corp. (the trading symbol “TRP” remains unchanged). The company continues to sell less-important assets to fund $30.3 billion in new pipelines and other long-term projects. That spending is equal to 50% of its $61.0 billion market cap (the total value of all outstanding shares). This week, TC Energy agreed to sell its U.S. midstream operations for $1.275 billion U.S. Those businesses gather and process natural gas and gas liquids in Pennsylvania, Ohio and West Virginia. The company expects to complete the sale in the third quarter of 2019. OUR RECOMMENDATION: TC Energy is a buy. TC Energy recent coverage: June 2019 issue Hotline for May 31, 2019 ENBRIDGE INC., $47.59, Toronto symbol ENB, operates pipelines that pump oil and natural gas from Western Canada to eastern Canada and the U.S. It also distributes gas to consumers in Ontario, Quebec, New Brunswick and New York State. The company continues to face legal and environmental…

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