Topic: How To Invest

The Successful Investor Hotline – Friday, November 20, 2020

Article Excerpt

TC ENERGY INC., $56.20, Toronto symbol TRP, is our #1 Income Buy for 2020. TC generates steady cash flow for investors mainly through a 93,300-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 7 power plants. The company is spending $37.2 billion on growth projects between now and 2023. Those investments are spread out among natural gas pipelines ($22 billion), oil pipelines ($13 billion), and power plants and storage ($2 billion). These projects are backed by regulated rates and long-term contracts. To put that plan in context, the company’s market cap (the total value of all outstanding shares) is $52.8 billion. Among its oil pipeline investments is the Keystone XL pipeline. This $9.1 billion U.S. project would pump crude from Alberta to U.S. Gulf Coast refineries. It would also double the capacity of the company’s existing Keystone pipeline system. So far, TC has spent $1.7 billion U.S. on…

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