TransCanada (Symbol-TRP)

Discuss your favourite picks, broker, and trading or investment style.
User avatar
AltaRed
Diamond Ring
Diamond Ring
Posts: 18287
Joined: 05 Mar 2005 20:04
Location: Ogopogo Land

Re: TransCanada (Symbol-TRP)

Post by AltaRed » 05 Oct 2017 17:50

I can't justify it at all and it will get worse with the Energy East writedown coming 4Q. The context is about looking longer term and sometime in 2018 may be the day of reckoning for me holding this stock if Q1 or Q2 earnings don't take off. Otherwise, TRP needs to have valuation compression like ENB has been going through.
Imagefiniki, the Canadian financial wiki The go-to place to bolster your financial freedom

User avatar
Shakespeare
Diamond Ring
Diamond Ring
Posts: 20734
Joined: 15 Feb 2005 23:25
Location: Lethbridge, AB
Contact:

Re: TransCanada (Symbol-TRP)

Post by Shakespeare » 05 Oct 2017 18:59

TRP used to be a trader - buy at $45, sell at $60. Maybe it's going back to that. :wink:
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

User avatar
scomac
Gold Ring
Gold Ring
Posts: 5921
Joined: 19 Feb 2005 09:47
Location: The Greenbelt

Re: TransCanada (Symbol-TRP)

Post by scomac » 05 Oct 2017 19:28

Shakespeare wrote:
05 Oct 2017 18:59
TRP used to be a trader - buy at $45, sell at $60. Maybe it's going back to that. :wink:
Is that a hint? :wink:
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
Thomas Babington Macaulay in 1830

User avatar
Shakespeare
Diamond Ring
Diamond Ring
Posts: 20734
Joined: 15 Feb 2005 23:25
Location: Lethbridge, AB
Contact:

Re: TransCanada (Symbol-TRP)

Post by Shakespeare » 05 Oct 2017 20:24

Who knows? :lol:
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

User avatar
brad911
Gold Ring
Gold Ring
Posts: 1128
Joined: 29 Jan 2007 16:45
Location: London ON
Contact:

Re: TransCanada (Symbol-TRP)

Post by brad911 » 05 Oct 2017 21:07

brad911 wrote:
02 Nov 2016 20:08
Exactly. Wake me up at $42-$45.
Triage Investing Blog - A Source for Value & Dividend Investing and Business Fundamentals

JaydoubleU
Gold Ring
Gold Ring
Posts: 2102
Joined: 13 Sep 2007 22:52

Re: TransCanada (Symbol-TRP)

Post by JaydoubleU » 07 Oct 2017 07:18

I've been too busy this week to respond to this one, but I have been thinking about it.

Two thoughts: 1) Supply and demand will rule, and the oil will get to market by rail, if the price is right to justify production. 2) I hope TRP will move now more quickly in the direction of renewables. Meanwhile, I'd like to see the FEDs compensate Alberta, and maybe all provinces dependent on oil revenue, to allow them to transition their economies away from oil. Oil revenue helped sustain OUR standard of living over the years, and it's only right that WE share in Alberta's (et al) transition and recovery. This should be a very long term project and not the short-term mandate of a single government.

User avatar
scomac
Gold Ring
Gold Ring
Posts: 5921
Joined: 19 Feb 2005 09:47
Location: The Greenbelt

Re: TransCanada (Symbol-TRP)

Post by scomac » 07 Oct 2017 07:58

I don't see renewables replacing natural gas for heat in my lifetime no matter what the utterances from places like Queen's Park. Demand will continue to grow because they keep building houses. They maybe more energy efficient, but they will still need a heat source in this country. Carry on.
"On what principle is it, that when we see nothing but improvement behind us, we are to expect nothing but deterioration before us?"
Thomas Babington Macaulay in 1830

User avatar
brad911
Gold Ring
Gold Ring
Posts: 1128
Joined: 29 Jan 2007 16:45
Location: London ON
Contact:

Re: TransCanada (Symbol-TRP)

Post by brad911 » 07 Oct 2017 13:43

More energy efficient, but I would also venture a guess that the average square footage (or cubic footage with higher ceilings, foyers, etc) is going up and leads to higher consumption.
Triage Investing Blog - A Source for Value & Dividend Investing and Business Fundamentals


User avatar
AltaRed
Diamond Ring
Diamond Ring
Posts: 18287
Joined: 05 Mar 2005 20:04
Location: Ogopogo Land

Re: TransCanada (Symbol-TRP)

Post by AltaRed » 10 Oct 2017 10:35

That is the closest I have read to the truth.... The revival of Keystone XL was a key factor. That said, if one of Keystone XL, Kinder Morgan or Line 3 do not go, then shippers are back in a pickle. For Canada's sake, Energy East would have made a lot more economic and strategic sense than Keystone XL. We simply do not need to be so beholden to Gulf Coast refineries as we are today. Tidewater pipelines would be so much better.
Imagefiniki, the Canadian financial wiki The go-to place to bolster your financial freedom

User avatar
jonforest
Silver Ring
Silver Ring
Posts: 160
Joined: 02 Mar 2005 23:40
Location: Ontario

Re: TransCanada (Symbol-TRP)

Post by jonforest » 10 Oct 2017 21:49

AltaRed wrote:
10 Oct 2017 10:35
That is the closest I have read to the truth.... The revival of Keystone XL was a key factor. That said, if one of Keystone XL, Kinder Morgan or Line 3 do not go, then shippers are back in a pickle. For Canada's sake, Energy East would have made a lot more economic and strategic sense than Keystone XL. We simply do not need to be so beholden to Gulf Coast refineries as we are today. Tidewater pipelines would be so much better.
Interesting to hear you say that, AR. Do you think that there might also have been a knock-on from the cancellation of Petronas' LNG plans? That is, the prospect of so much gas going to be exported from the west coast will have meant less gas sent eastward, thereby justifying re-purposing the gas line for Energy East.

User avatar
AltaRed
Diamond Ring
Diamond Ring
Posts: 18287
Joined: 05 Mar 2005 20:04
Location: Ogopogo Land

Re: TransCanada (Symbol-TRP)

Post by AltaRed » 10 Oct 2017 22:12

I don't think the demise of the LNG projects made much difference because the Montney, etc. would have continued to be drilled up to support the project. But that said, everything is a factor to some degree. The key issue probably stll is the inability to get sufficient shipper commitment. That said, it is not yet a given than ANY of the 3 remaining projects will actually go ahead given stumbling blocks that Keystone XL and Line 3 replacement still have to overcome. It was much simpler in my day as a producer to sign up a commitment to the one and only expansion game in town.
Imagefiniki, the Canadian financial wiki The go-to place to bolster your financial freedom

User avatar
AltaRed
Diamond Ring
Diamond Ring
Posts: 18287
Joined: 05 Mar 2005 20:04
Location: Ogopogo Land

Re: TransCanada (Symbol-TRP)

Post by AltaRed » 18 Oct 2017 16:55

Seems all the major pipelines got whack-a-moled today.....
Imagefiniki, the Canadian financial wiki The go-to place to bolster your financial freedom

User avatar
Peculiar_Investor
Gold Ring
Gold Ring
Posts: 7013
Joined: 01 Mar 2005 14:52
Location: Calgary
Contact:

Re: TransCanada (Symbol-TRP)

Post by Peculiar_Investor » 16 Nov 2017 17:52

Talk about bad timing ... TransCanada Keystone pipeline leaks 795,000 litres of crude oil in South Dakota - CBC News
CBC wrote:The leak, which it said happened about 35 kilometres south of its Ludden pump station on a right-of-way, comes as Nebraska Public Service Commission is set to vote on the Keystone XL project on Nov. 20 to clear the last major regulatory hurdle for the $8 billion project.
Imagefiniki, the Canadian financial wiki New editors wanted and welcomed, please help collaborate and improve the wiki.

Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams

User avatar
AltaRed
Diamond Ring
Diamond Ring
Posts: 18287
Joined: 05 Mar 2005 20:04
Location: Ogopogo Land

Re: TransCanada (Symbol-TRP)

Post by AltaRed » 16 Nov 2017 18:35

If TRP didn't have bad luck, they'd have no luck at all...

(to borrow and modify a well known quote)
Imagefiniki, the Canadian financial wiki The go-to place to bolster your financial freedom

User avatar
Shakespeare
Diamond Ring
Diamond Ring
Posts: 20734
Joined: 15 Feb 2005 23:25
Location: Lethbridge, AB
Contact:

Re: TransCanada (Symbol-TRP)

Post by Shakespeare » 16 Nov 2017 18:53

You know the brokers pronounce "TRP" as "Trap", right? :lol:
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

User avatar
Shakespeare
Diamond Ring
Diamond Ring
Posts: 20734
Joined: 15 Feb 2005 23:25
Location: Lethbridge, AB
Contact:

Re: TransCanada (Symbol-TRP)

Post by Shakespeare » 20 Nov 2017 11:29

Nebraska approves alternative route for TransCanada’s Keystone XL - The Globe and Mail
Nebraska's Public Service Commission ruled on Monday that TransCanada's Keystone XL can be built along a "mainline" route, which shifts the line east of its preferred path....
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

User avatar
AltaRed
Diamond Ring
Diamond Ring
Posts: 18287
Joined: 05 Mar 2005 20:04
Location: Ogopogo Land

Re: TransCanada (Symbol-TRP)

Post by AltaRed » 20 Nov 2017 12:37

Now it will be the environmentalists and other misguided folks, i.e. Standing Rock2, turn to try and derail construction. TRP also still has to get ROW land access agremeents (permitting) in place and that will be contentious too (aka what the dim lights in Burnaby are doing to impede KML)
Imagefiniki, the Canadian financial wiki The go-to place to bolster your financial freedom

JaydoubleU
Gold Ring
Gold Ring
Posts: 2102
Joined: 13 Sep 2007 22:52

Re: TransCanada (Symbol-TRP)

Post by JaydoubleU » 20 Nov 2017 15:27

Well, the BIG PIPES are having a good day, but Enbridge is in the lead now. I guess it was by far the most oversold. Anyway, I'm liking is, as I own both.

User avatar
Shakespeare
Diamond Ring
Diamond Ring
Posts: 20734
Joined: 15 Feb 2005 23:25
Location: Lethbridge, AB
Contact:

Re: TransCanada (Symbol-TRP)

Post by Shakespeare » 22 Nov 2017 18:32

From behind the G&M paywall:

Why TransCanada investors haven't benefited from the Keystone approval - The Globe and Mail
First, the Keystone XL pipeline is still not a done deal....

Second, TransCanada shares have been doing well for the past year....

And third, Keystone has never been the one-and-only reason to invest in TransCanada....

Come for the infrastructure, stay for the dividend and look at new pipeline approvals as a nice little sideshow.
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

User avatar
Pickles
Gold Ring
Gold Ring
Posts: 3892
Joined: 27 Sep 2006 09:44
Location: Toronto

Re: TransCanada (Symbol-TRP)

Post by Pickles » 22 Nov 2017 19:23

Nice summary, Shakespeare.
Regards,
Pickles

User avatar
Shakespeare
Diamond Ring
Diamond Ring
Posts: 20734
Joined: 15 Feb 2005 23:25
Location: Lethbridge, AB
Contact:

Re: TransCanada (Symbol-TRP)

Post by Shakespeare » 22 Nov 2017 21:02

Thank you. :beer:
“A wise man should be prepared to abandon his baggage at any time.” -- R.A. Heinlein, The Door Into Summer.

Post Reply