TC Energy Corporation (TRP): A Bull Case Theory

We came across a bullish thesis connected TC Energy Corporation connected Beat the TSX (BTSX-20)’s Substack by Beat the TSX-27 Strategy.. In this article, we volition summarize the bulls’ thesis on TRP. TC Energy Corporation's share was trading astatine $59.91 as of February 5th. TRP’s trailing and forward P/E were 22.59 and 21.64  respectively according to Yahoo Finance.

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TC Energy Corporation operates as an vigor infrastructure institution successful North America. TRP delivered a steady, competent 4th successful Q3 2025, reflecting the company’s hallmark absorption connected disciplined execution and blimpish hazard management. Results came successful enactment with expectations, with nary worldly surprises, and superior expenditures were guided astatine the debased extremity of the $5.5–$6.0 cardinal scope for 2025, signaling prudent allocation portion preparing for aboriginal growth.

Management affirmed that semipermanent maturation is sustainable beyond 2028, though they remained cautious astir extending guidance further, prioritizing a wide knowing of task returns earlier committing to longer-term projections. The company’s dividend remains secure, with maturation expected astatine the little extremity of 3–5%, capable to support gait with ostentation without overpromising. Operationally, TRP continues to execute projects smoothly, with upcoming initiatives expected to ramp spending to roughly $7 billion annually by 2028–29, indicating a coagulated pipeline of opportunities.

Despite this stability, TRP shares are presently trading astatine a price-to-earnings ratio of 23.5, a premium reflecting marketplace expectations, and the dividend output of 4.45% is beneath the five-year mean of 6.02%, prompting a partial portfolio simplification to negociate risk.

Nevertheless, the company’s regulated and infrastructure pipeline assets remain among the highest-quality holdings successful North America, offering dependable currency travel and superior discipline. While TRP is not a bargain today, its resilience, operational competence, and semipermanent maturation imaginable marque it a cornerstone BTSX-27 holding, with country for opportunistic accumulation should yields emergence person to 5.5–6.0%. This 4th exemplifies TC Energy’s quiescent strength: nary flash, conscionable reliable, compounding competence.

Previously, we covered a bullish thesis on Valaris Limited (VAL) by Alpha Ark successful February 2025, which highlighted the company’s ascendant offshore drilling fleet, improved financials post-restructuring, rising time rates, and important upside relative to plus replacement value. VAL’s banal terms has appreciated by astir 26.29% since our coverage. Beat the TSX-27 Strategy shares a akin position but emphasizes disciplined execution, unchangeable currency flows, and blimpish maturation successful regulated vigor infrastructure, highlighting TRP’s semipermanent resilience.