TC Energy Corporation

NYSE: TRP
$35.10
-$0.09 (-0.3%)
Closing price April 17, 2024
TC Energy Corporation is a leading energy infrastructure firm in North America, known for its extensive network of natural gas pipelines spanning 93,600 kilometers. It plays a crucial role in transporting natural gas to a variety of users, including power plants and industrial facilities. Beyond gas pipelines, TC Energy also manages significant liquids pipelines and storage facilities, linking major oil markets across North America. Additionally, the company is involved in power generation, boasting facilities capable of producing around 4,600 megawatts of energy. Founded in 1951 and based in Calgary, Canada, TC Energy is pivotal in meeting the continent's energy demands.
Enbridge and Spectra Energy have agreed to a stock-for-stock merger that will create a company with a pro-forma enterprise value of approximately $127 billion.
August was not a kind month to U.S. crude oil producers. Crude prices dropped by nearly 8% to close the month below $45 a barrel.
The top analyst upgrades, downgrades and initiations seen on Thursday morning include Boston Scientific, Micron Technology, Salesforce.com, TransCanada and Walgreens Boots Alliance.
The top analyst upgrades, downgrades and initiations seen on Wednesday morning include Johnson & Johnson, Lockheed Martin, MGIC Investment, TransCanada and Verizon Communications.
The month of March was a good one for pipeline master limited partnerships. The Alerian MLP index finished the month with a gain of more than 8%.
The top analyst upgrades, downgrades and initiations seen on Friday morning include Capital One, Energen, Micron Technology, Salesforce.com, United Continental, United Rentals and Viacom.
The announced $10 billion acquisition of Columbia Pipeline gives TransCanada a solid foothold in the natural gas-producing Marcellus and Utica shale plays.
The top analyst upgrades, downgrades and initiations seen from Friday, March 11, include Blackstone, Chevron, Diamond Offshore Drilling, Palo Alto Networks, Symantec and Total.
President Obama delivered the news himself shortly before noon on Friday: the United States will officially reject construction of the Keystone XL pipeline.
The Nebraska Supreme Court on Friday tossed the hot potato otherwise known as the Keystone XL pipeline back in the lap of the U.S. State Department and, ultimately, President Barack Obama.
Using his most direct language ever, President Obama said on Friday that the proposed Keystone XL pipeline will not benefit U.S. consumers.
Wednesday's top analyst upgrades, downgrades and initiations include BlackBerry, ConEd, Enbridge, Halliburton, Rackspace and TransCanada.
A Tuesday vote in the U.S. Senate on the Keystone XL pipeline appears to be headed for passage but is still short of being filibuster-proof.
Who needs the Keystone XL at this point, and why? Who really benefits from moving some 830,000 more barrels of Canadian crude to the Gulf Coast?
The Republican Party takeover over the U.S. Senate is guaranteed to increase political demands for approval of the Keystone XL pipeline.