|Bid||37.55 x 800|
|Ask||42.10 x 1400|
|Day's range||39.46 - 39.83|
|52-week range||36.79 - 59.38|
|Beta (5Y monthly)||0.87|
|PE ratio (TTM)||34.26|
|Forward dividend & yield||2.73 (6.87%)|
|Ex-dividend date||29 Jun 2023|
|1y target est||N/A|
The 0.495-billion cubic feet per day (bcfd) North Baja expansion will supply more U.S. natural gas to Mexico, including to U.S. energy company Sempra Energy's Costa Azul liquefied natural gas (LNG) export plant in Mexico, which is under construction. The roughly $2 billion Costa Azul project on Mexico's Pacific Coast will be able to turn about 0.43 bcfd of gas into LNG once it enters service around mid 2025.
There's no denying that ExxonMobil (NYSE: XOM) is an elite dividend stock. The company's payout currently yields 3.4%, which is double the S&P 500's dividend yield. TotalEnergies (NYSE: TTE), TC Energy (NYSE: TRP), and Enterprise Products Partners (NYSE: EPD) currently stand out to a few Fool.com contributors as even better options than Exxon for those seeking dividend income from the energy sector.
The pipeline operator expects to remain onsite until the third quarter of this year to finish restoring the Mill Creek shoreline, TC Energy said in a statement. Keystone's spill into a Kansas creek was the biggest U.S. oil spill in nine years and prompted a 21-day shutdown of a portion of the 622,000 barrel-per-day pipeline, which ships crude from Alberta to U.S. refineries. In April, the Calgary-based company released the findingsthat showed the oil spill was caused by a progressive fatigue crack, which originated during the construction of the pipeline.
(Reuters) -Canada's TC Energy Corp beat analysts' estimates for first-quarter profit on Friday and said it was active in efforts to sell C$5 billion ($3.67 billion) worth of assets. While global oil prices have declined 20% from peaks hit last year after Russia launched a full-scale invasion of Ukraine, prices are still high enough for companies to produce profitably, boosting demand for pipelines. TC is aiming to sell assets this year to reduce debt and fund other projects, such as the Coastal GasLink pipeline in British Columbia that has seen major cost over-runs.
House Speaker Kevin McCarthy's proposed debt limit bill, the "Limit, Save, Grow Act of 2023," aims to repeal certain green tax credits.
Dividend stocks can give you recurring cash flow to help pay bills or save for the future. Here's a look at how much you'd have to invest to collect $100 each month from the following trio of high-yielding stocks: AT&T (NYSE: T), TC Energy (NYSE: TRP), and Viatris (NASDAQ: VTRS). Telecom giant AT&T is a leaner and simpler business to invest in since it spun off WarnerMedia last year, which is now part of Warner Bros. Discovery.
While the safety record of oil transportation has increased in recent years, there’s much more that oil companies can do to prevent oil spills
TC Energy Corp beat estimates for fourth-quarter profit on Tuesday as sustained energy demand helped soften the impact of a C$650 million charge for an oil spill on its Keystone pipeline and cost overruns on its Coastal GasLink project. Regulators have ordered the 622,000 barrel-per-day Keystone pipeline to run at lower pressure as investigations into the 12,937-barrel leak in rural Kansas continue. "The evidence is suggesting this is a localised issue but we're still taking a systematic approach to assessing our risk and our engineers are actively evaluating across the Keystone system where similar circumstances could potentially occur," Richard Prior, TC's president of liquids pipelines, said during an earnings call.
SAP, Northrop Grumman, TC Energy, Extra Space Storage and MGM Resorts International are part of the Zacks top Analyst Blog.
Today's Research Daily features new research reports on 16 major stocks, including SAP SE (SAP), Northrop Grumman Corporation (NOC) and TC Energy Corporation (TRP).
(Reuters) -North American pipeline operator TC Energy Corp on Wednesday raised its cost estimate more than expected for completing its troubled Coastal GasLink project, sending share prices sharply lower. The long-delayed pipeline, owned by private equity firm KKR & Co Inc, Alberta Investment Management Corp and TC, has been dogged by problems including protests over environmental concerns, inflation and mountainous terrain that has forced TC to move pipe with ski lifts. The company attributed the cost increase to a labor shortage, poor work by contractors and adverse weather.
Warren Buffett's Berkshire Hathaway has averaged 20% returns over multiple decades, and there isn't much mystery as to how it has done so: by investing in quality businesses at reasonable valuations. Three stocks that wouldn't look out of place in Berkshire's portfolio and that have qualities Buffett would desire include Bristol Myers Squibb (NYSE: BMY), TC Energy (NYSE: TRP), and PayPal (NASDAQ: PYPL). Healthcare companies don't normally take up a big share of Berkshire's portfolio, but one healthcare stock that was in there as recently as last year was Bristol Myers Squibb.
The energy industry provides income-focused investors with lots of options. Several companies offer above-average dividend yields, making the sector great for earning passive income. Three excellent energy stocks for income are Enbridge (NYSE: ENB), Kinder Morgan (NYSE: KMI), and TC Energy (NYSE: TRP).
By Yasin Ebrahim
(Reuters) -TC Energy Corp has submitted its plan to restart the Keystone pipeline to U.S. regulators, a source familiar with the matter said on Tuesday, nearly two weeks after the line ruptured in the worst oil spill in the United States in nine years. The 622,000 barrel-per-day (bpd) pipeline was shut after it spilled 14,000 barrels of oil in rural Kansas on Dec. 7, the third major spill from the line in the last five years. Even though cleanup will take weeks or months, the line can still restart once it is repaired and the plan approved by the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA).
Farmer Bill Pannbacker got a call earlier this month from a representative from TC Energy Corp, telling him that its Keystone Pipeline, which runs through his farmland in rural Kansas, had suffered an oil leak. The rupture on Dec. 7 is the third in the last five years for the Keystone Pipeline, and the worst of the three - more than 14,000 barrels of crude has spilled and cleanup is expected to take weeks or months.
The 622,000 barrels per day (bpd) pipeline was shut last week after it spilled oil in rural Kansas, and parts of the pipeline carrying oil from Alberta, Canada, to refineries in Illinois opened on Wednesday at reduced capacity.
Oil prices rose for a third day in a row as traders looked beyond a big weekly build in U.S. crude inventories to focus instead on the shutdown of Canadian pipeline Keystone, which is vital to refiners in the country’s West Coast. Refineries operated at 92.2% of their operable capacity last week, versus 95.5% in the previous week to December 2, the EIA said.
(Reuters) -Cleanup of the biggest U.S. oil spill in nearly a decade will take at least weeks more, local officials in Kansas said on Tuesday, citing a recent meeting with Keystone pipeline owner TC Energy Corp. There is still no official timeline for a restart of the key Canada-U.S. pipeline, which was closed after the spill of roughly 14,000 barrels of crude was discovered on Wednesday in Washington County in Kansas. "They told us they expected to be here for several more weeks," said Randy Hubbard, Washington County's emergency management coordinator.
The closure of a Canada-to-U.S. pipeline was already helping oil build back from last week’s worst selloff in nine months before Tuesday’s relatively-benign inflation data that suggested smaller U.S. rate hikes going forth. The result was a rally of 3% or more in U.K.-origin Brent oil and U.S. West Texas Intermediate, or WTI, crude for a second day in a row.
The dollar index plunged on Tuesday after data showed that underlying U.S. consumer price inflation rose less than expected last month, reinforcing expectations that the Federal Reserve will slow the pace of its interest rate increases on Wednesday. The focus will now shift to how the U.S. Federal Reserve responds to the CPI report, Yawger added.
Canada's TC Energy Corp said it had cleaned up almost 2,600 barrels of oil from the largest U.S. crude spill in nearly a decade, but the timetable to restart the Keystone Pipeline following its rupture last week remained unclear. TC Energy shut the pipeline after the spill of roughly 14,000 barrels of crude was discovered on Wednesday in Kansas. The company told officials in Washington County on Monday that it has not yet determined the cause and it started excavating around the pipeline.
With every technical chart for oil looking oversold, crude prices had to rise inevitably, but the litmus test for their rebound might be Tuesday’s CPI report and Wednesday’s rate decision/2023 outlook from the Fed. Economists expect the CPI report to say that the annual rate of inflation has slowed to 7.3% from a yearly growth of 7.7% in October.
(Reuters) -Canada's TC Energy shut its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a creek in Kansas, making it one of the largest crude spills in the United States in nearly a decade. The cause of the leak, which occurred in Kansas about 20 miles (32 km) south of a key junction in Steele City, Nebraska, is unknown. It is the third spill of several thousand barrels of crude on the pipeline since it first opened in 2010.