Topic: How To Invest

The Successful Investor Hotline – Friday, May 12, 2023

Article Excerpt

TC ENERGY INC., $55.94, Toronto symbol TRP, remains a buy. TC generates steady cash flow for investors mainly through a 93,700-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 nine power plants. The company also owns 35% of the 670-kilometre 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. TC has paused work on a 20-kilometre portion of the line near Prince George, B.C. That’s because heavy rain and snow melt has eroded the ground in that area. The company has not yet said when it will resume work on this portion. However, the entire project is 87% complete, and the company remains confident Coastal GasLink will begin operating by the end of 2023. TC expects its share of the construction costs will total $5.4…