2024-03-20 17:03:11 ET
Summary
- TC Energy is a compelling income play in a market with elevated risk and subdued returns.
- The company's focus on resilient, contracted midstream operations and strong dividend track record offer stability and potential for long-term growth.
- The upcoming spin-off of its liquids pipelines business and commitment to debt reduction enhance its value proposition.
All financial numbers in this article are in Canadian dollars unless noted otherwise.
Introduction
I don't like this market environment. As I have written in many prior articles, the risk/reward is poor. Valuations are lofty, and sentiment is very bullish....
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7%-Yielding TC Energy May Be One Of The Best Income Plays On The Market