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Recommendations
TC Energy price target lowered to C$72 from C$76 at BMO Capital » 13:12
08/11/22
08/11
13:12
08/11/22
13:12
TRP

TC Energy

$50.59 /

+1.08 (+2.18%)

BMO Capital analyst Ben…

BMO Capital analyst Ben Pham lowered the firm's price target on TC Energy to C$72 from C$76 and keeps an Outperform rating on the shares.

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TRP TC Energy
$50.59 /

+1.08 (+2.18%)

TRP TC Energy
$50.59 /

+1.08 (+2.18%)

08/11/22 TD Securities
TC Energy price target raised to C$76 from C$75 at TD Securities
08/05/22 Credit Suisse
TC Energy price target lowered to C$70 from C$74.50 at Credit Suisse
08/02/22 RBC Capital
TC Energy price target lowered to C$78 from C$79 at RBC Capital
07/29/22 BMO Capital
TC Energy price target lowered to C$76 from C$78 at BMO Capital
TRP TC Energy
$50.59 /

+1.08 (+2.18%)

TRP TC Energy
$50.59 /

+1.08 (+2.18%)

Recommendations
TC Energy price target raised to C$76 from C$75 at TD Securities » 12:59
08/11/22
08/11
12:59
08/11/22
12:59
TRP

TC Energy

$50.50 /

+0.985 (+1.99%)

TD Securities analyst…

TD Securities analyst Linda Ezergailis raised the firm's price target on TC Energy to C$76 from C$75 and keeps a Buy rating on the shares.

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TRP TC Energy
$50.50 /

+0.985 (+1.99%)

TRP TC Energy
$50.50 /

+0.985 (+1.99%)

08/05/22 Credit Suisse
TC Energy price target lowered to C$70 from C$74.50 at Credit Suisse
08/02/22 RBC Capital
TC Energy price target lowered to C$78 from C$79 at RBC Capital
07/29/22 BMO Capital
TC Energy price target lowered to C$76 from C$78 at BMO Capital
07/29/22 Scotiabank
TC Energy price target lowered to C$76 from C$78 at Scotiabank
TRP TC Energy
$50.50 /

+0.985 (+1.99%)

TRP TC Energy
$50.50 /

+0.985 (+1.99%)

Wednesday
Hot Stocks
TC Energy closes $1.8B bought deal offering » 07:44
08/10/22
08/10
07:44
08/10/22
07:44
TRP

TC Energy

$48.58 /

-0.55 (-1.12%)

TC Energy announced that…

TC Energy announced that it has completed its previously announced public offering (the Offering) of common shares of the Company. The Offering was announced on Aug. 4, 2022 when TC Energy entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank under which they agreed to purchase from TC Energy and sell to the public 28,400,000 Common Shares. The purchase price of $63.50 per Common Share resulted in total gross proceeds of approximately $1.8 billion. TC Energy has also granted the underwriters an over-allotment option to purchase up to an additional 2,840,000 Common Shares at the Offering Price, exercisable for a period of 30 days after closing of the Offering. TC Energy intends to the use the proceeds of the Offering, directly or indirectly, together with other financing sources and cash on hand, to fund costs associated with the construction of the Southeast Gateway Pipeline, a US$4.5 billion, 1.3 billion cubic feet per day, 715-kilometre offshore natural gas pipeline in the southeast region of Mexico. Pending such use, the net proceeds from the Offering may temporarily be used to reduce indebtedness or invested in short term liquid investments.

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TRP TC Energy
$48.58 /

-0.55 (-1.12%)

TRP TC Energy
$48.58 /

-0.55 (-1.12%)

08/05/22 Credit Suisse
TC Energy price target lowered to C$70 from C$74.50 at Credit Suisse
08/02/22 RBC Capital
TC Energy price target lowered to C$78 from C$79 at RBC Capital
07/29/22 BMO Capital
TC Energy price target lowered to C$76 from C$78 at BMO Capital
07/29/22 Scotiabank
TC Energy price target lowered to C$76 from C$78 at Scotiabank
TRP TC Energy
$48.58 /

-0.55 (-1.12%)

TRP TC Energy
$48.58 /

-0.55 (-1.12%)

Over a week ago
Recommendations
TC Energy price target lowered to C$70 from C$74.50 at Credit Suisse » 12:30
08/05/22
08/05
12:30
08/05/22
12:30
TRP

TC Energy

/

+

Credit Suisse analyst…

Credit Suisse analyst Andrew M. Kuske lowered the firm's price target on TC Energy to C$70 from C$74.50 and keeps a Neutral rating on the shares.

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TRP TC Energy
/

+

TRP TC Energy
/

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08/02/22 RBC Capital
TC Energy price target lowered to C$78 from C$79 at RBC Capital
07/29/22 BMO Capital
TC Energy price target lowered to C$76 from C$78 at BMO Capital
07/29/22 Scotiabank
TC Energy price target lowered to C$76 from C$78 at Scotiabank
07/20/22 Barclays
TC Energy price target lowered to C$67 from C$71 at Barclays
TRP TC Energy
/

+

TRP TC Energy
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TRP TC Energy
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+

Syndicate
TC Energy announces $1.8B bought deal offering of common shares » 16:21
08/04/22
08/04
16:21
08/04/22
16:21
TRP

TC Energy

$51.05 /

-0.675 (-1.31%)

TC Energy Corporation…

TC Energy Corporation announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 28.4M common shares of the company at a price of $63.50 per common share, for gross proceeds of approximately $1.8B. The common shares will be offered to the public in Canada and the United States through the underwriters and their affiliates. The net proceeds from the offering will be used, directly or indirectly, together with other financing sources and cash on hand, to fund costs associated with the construction of the Southeast Gateway Pipeline, a $4.5B, 1.3B cubic feet per day, 715-kilometre offshore natural gas pipeline in the southeast region of Mexico. Pending such use, the net proceeds from the offering may temporarily be used to reduce indebtedness or invested in short term liquid investments. The offering is expected to close on or about August 10. RBC Capital Markets and Scotiabank acted as joint lead book runners on the offering.

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TRP TC Energy
$51.05 /

-0.675 (-1.31%)

TRP TC Energy
$51.05 /

-0.675 (-1.31%)

08/02/22 RBC Capital
TC Energy price target lowered to C$78 from C$79 at RBC Capital
07/29/22 BMO Capital
TC Energy price target lowered to C$76 from C$78 at BMO Capital
07/29/22 Scotiabank
TC Energy price target lowered to C$76 from C$78 at Scotiabank
07/20/22 Barclays
TC Energy price target lowered to C$67 from C$71 at Barclays
TRP TC Energy
$51.05 /

-0.675 (-1.31%)

TRP TC Energy
$51.05 /

-0.675 (-1.31%)

TRP TC Energy
$51.05 /

-0.675 (-1.31%)

Recommendations
TC Energy price target lowered to C$78 from C$79 at RBC Capital » 12:00
08/02/22
08/02
12:00
08/02/22
12:00
TRP

TC Energy

$52.31 /

-0.44 (-0.83%)

RBC Capital analyst…

RBC Capital analyst Robert Kwan lowered the firm's price target on TC Energy to C$78 from C$79 and keeps an Outperform rating on the shares.

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TRP TC Energy
$52.31 /

-0.44 (-0.83%)

TRP TC Energy
$52.31 /

-0.44 (-0.83%)

07/29/22 BMO Capital
TC Energy price target lowered to C$76 from C$78 at BMO Capital
07/29/22 Scotiabank
TC Energy price target lowered to C$76 from C$78 at Scotiabank
07/20/22 Barclays
TC Energy price target lowered to C$67 from C$71 at Barclays
05/12/22 CIBC
TC Energy upgraded to Outperformer from Neutral at CIBC
TRP TC Energy
$52.31 /

-0.44 (-0.83%)

TRP TC Energy
$52.31 /

-0.44 (-0.83%)

TRP TC Energy
$52.31 /

-0.44 (-0.83%)

Recommendations
TC Energy price target lowered to C$76 from C$78 at BMO Capital » 11:55
07/29/22
07/29
11:55
07/29/22
11:55
TRP

TC Energy

$53.17 /

-0.97 (-1.79%)

BMO Capital analyst Ben…

BMO Capital analyst Ben Pham lowered the firm's price target on TC Energy to C$76 from C$78 and keeps an Outperform rating on the shares.

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TRP TC Energy
$53.17 /

-0.97 (-1.79%)

TRP TC Energy
$53.17 /

-0.97 (-1.79%)

07/29/22 Scotiabank
TC Energy price target lowered to C$76 from C$78 at Scotiabank
07/20/22 Barclays
TC Energy price target lowered to C$67 from C$71 at Barclays
05/12/22 CIBC
TC Energy upgraded to Outperformer from Neutral at CIBC
04/26/22 Morgan Stanley
TC Energy downgraded to Underweight at Morgan Stanley on valuation
TRP TC Energy
$53.17 /

-0.97 (-1.79%)

TRP TC Energy
$53.17 /

-0.97 (-1.79%)

TRP TC Energy
$53.17 /

-0.97 (-1.79%)

Recommendations
TC Energy price target lowered to C$76 from C$78 at Scotiabank » 11:22
07/29/22
07/29
11:22
07/29/22
11:22
TRP

TC Energy

$53.38 /

-0.76 (-1.40%)

Scotiabank analyst Robert…

Scotiabank analyst Robert Hope lowered the firm's price target on TC Energy to C$76 from C$78 and keeps an Outperform rating on the shares.

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TRP TC Energy
$53.38 /

-0.76 (-1.40%)

TRP TC Energy
$53.38 /

-0.76 (-1.40%)

07/20/22 Barclays
TC Energy price target lowered to C$67 from C$71 at Barclays
05/12/22 CIBC
TC Energy upgraded to Outperformer from Neutral at CIBC
04/26/22 Morgan Stanley
TC Energy downgraded to Underweight at Morgan Stanley on valuation
04/26/22 Morgan Stanley
TC Energy downgraded to Underweight from Equal Weight at Morgan Stanley
TRP TC Energy
$53.38 /

-0.76 (-1.40%)

TRP TC Energy
$53.38 /

-0.76 (-1.40%)

TRP TC Energy
$53.38 /

-0.76 (-1.40%)

Earnings
TC Energy sees 2022 comparable EPS consistent with 2021 » 07:40
07/28/22
07/28
07:40
07/28/22
07:40
TRP

TC Energy

$55.06 /

+0.165 (+0.30%)

The company said,…

The company said, "Our overall comparable EBITDA and comparable earnings per common share outlook for 2022 remains consistent with the 2021 Annual Report. 2022 comparable EBITDA is expected to be modestly higher than 2021 and 2022 comparable earnings per common share outlook is expected to be consistent with 2021. We continue to monitor the impact of changes in energy markets, our construction projects and regulatory proceedings as well as COVID-19 for any potential effect on our 2022 comparable EBITDA and comparable earnings per share. Our total capital expenditures for 2022 are now expected to be approximately $8.5 billion. The increase from what was outlined in the 2021 Annual Report is primarily due to the partner equity contributions of approximately $1.3 billion we expect to make in 2022 to Coastal GasLink LP in accordance with revised agreements impacting Coastal GasLink. In addition, higher project costs are expected for the NGTL System reflecting inflationary pressures on labour and materials, additional regulatory conditions and other factors. We continue to monitor developments on all of our construction projects, work on cost mitigation strategies and assess market conditions as well as the impact of COVID-19 for further changes to our overall 2022 capital program."

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TRP TC Energy
$55.06 /

+0.165 (+0.30%)

TRP TC Energy
$55.06 /

+0.165 (+0.30%)

07/20/22 Barclays
TC Energy price target lowered to C$67 from C$71 at Barclays
05/12/22 CIBC
TC Energy upgraded to Outperformer from Neutral at CIBC
04/26/22 Morgan Stanley
TC Energy downgraded to Underweight at Morgan Stanley on valuation
04/26/22 Morgan Stanley
TC Energy downgraded to Underweight from Equal Weight at Morgan Stanley
TRP TC Energy
$55.06 /

+0.165 (+0.30%)

TRP TC Energy
$55.06 /

+0.165 (+0.30%)

TRP TC Energy
$55.06 /

+0.165 (+0.30%)

Earnings
TC Energy reports Q2 comparable EPS C$1.00 vs. C$1.06 last year » 07:40
07/28/22
07/28
07:40
07/28/22
07:40
TRP

TC Energy

$55.06 /

+0.165 (+0.30%)

TC Energy's…

TC Energy's President and CEO Francois Poirier commented, "Through the first six months of 2022, we have delivered strong results reflecting the high utilization we continue to see across our entire system. Demand for clean, responsibly sourced natural gas remains high in North America, with energy security also driving incremental growth in the global LNG market. I am pleased to report we have reached a significant milestone with the Coastal GasLink Limited Partnership, signing revised agreements with LNG Canada that will allow the safe and timely execution of our largest LNG-linked project. The 670-kilometre Coastal GasLink project is approximately 70 per cent complete, with mechanical in-service expected by the end of 2023. Together with LNG Canada, this project will provide the first direct path for Canadian natural gas to reach global LNG markets. By leveraging our competitive strengths, we continue to develop solutions to move, generate and store the energy North America relies on in a secure and increasingly sustainable way."

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TRP TC Energy
$55.06 /

+0.165 (+0.30%)

TRP TC Energy
$55.06 /

+0.165 (+0.30%)

07/20/22 Barclays
TC Energy price target lowered to C$67 from C$71 at Barclays
05/12/22 CIBC
TC Energy upgraded to Outperformer from Neutral at CIBC
04/26/22 Morgan Stanley
TC Energy downgraded to Underweight at Morgan Stanley on valuation
04/26/22 Morgan Stanley
TC Energy downgraded to Underweight from Equal Weight at Morgan Stanley
TRP TC Energy
$55.06 /

+0.165 (+0.30%)

TRP TC Energy
$55.06 /

+0.165 (+0.30%)

TRP TC Energy
$55.06 /

+0.165 (+0.30%)

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