TC Energy: Underperformance Closes Valuation Gap With Enbridge
ENBEnbridge(ENB) Seeking Alpha·2024-05-06 06:00

JHVEPhoto/iStock Editorial via Getty Images In our last coverage of TC Energy Corporation (TSX:TRP:CA) (NYSE:TRP) we recognized the strong results that were helping deliver yet another dividend increase for the company. At the same time, we found TRP to be lagging in other metrics when benchmarked against other midstream companies in Canada. Ultimately, we came away with a "hold" rating as we continued to hold the shares as well. While we do own TC Energy Corporation shares, our covered calls (with $35 USD ...