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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (75828)2/20/2020 7:53:24 PM
From: Goose94Read Replies (2) of 203020
 
TransCanada (TRP-T) top pick from Douglas Kee on BNN.ca Market Call 2nite Thirst-day Feb 20th @ 1800ET

TC Energy is a significant player in the secular trend towards natural gas in North America through pipeline and infrastructure assets in the Western Canadian Basin, Marcellus Basin and Mexico. The company also has power generation and nuclear energy assets.

TC Energy has $30 billion of secured capital programs and potentially an additional $20 billion in development programs. The company has successfully migrated to a self-funding model where internally generated cash flow, debt issuance and asset sales have lowered the need for equity issuance.

The stock currently yields 4.4 per cent. The company increased its dividend by 8 per cent last year and has raised it 9 per cent yearly over the last five years. TC trades at about 17.8 times 2020 earnings. Earnings are expected to be up 4 to 5 per cent yearly over the next three years, with dividend growth in the 5 to 7 per cent range.
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