Topic: How To Invest

The Successful Investor Hotline – Friday, October 15, 2021

Article Excerpt

TC ENERGY INC., $66.39, Toronto symbol TRP, is a buy. 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 seven power plants. The company is now teaming up with Nikola Corp. (Nasdaq symbol NKLA), a maker of zero-emission vehicles powered by electricity and hydrogen fuel cells. Under this alliance, the two firms will jointly develop a pipeline network that will pump hydrogen to hubs along busy highway routes. TC has not yet said how much it plans to spend on this initiative. However, making hydrogen easier to use and less costly should spur more demand for fuel-cell vehicles, as well as this delivery network. The company can also use its existing pipelines to capture and store carbon dioxide generated through the production of hydrogen. TC Energy is a buy. TC Energy recent coverage: October 2021 issue Hotline…