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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  TC Energy Corporation    TRP   CA87807B1076

TC ENERGY CORPORATION

(TRP)
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TC Energy : Alliance of Indigenous Groups to Invest Up to C$1 Billion in Keystone XL

11/17/2020 | 06:21pm EST

By Josh Beckerman

TC Energy Corp. reached an agreement for Natural Law Energy, an alliance of indigenous groups, to invest up to C$1 billion ($763 million) in the Keystone XL pipeline project.

TC Energy and NLE said the first phase of the transaction is expected to close in the third quarter of 2021.

TC Energy said it "will apply this ownership model to create opportunities for additional Indigenous communities along the Keystone XL corridor" in Canada and the U.S.

President-elect Joe Biden's campaign said in May that, if elected, he would revoke a permit that Keystone XL needs to cross into the U.S.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

11-17-20 1820ET

Stocks mentioned in the article
ChangeLast1st jan.
TC ENERGY CORPORATION -1.48% 54.62 Delayed Quote.5.55%
All news about TC ENERGY CORPORATION
01/26TC ENERGY : The Biden Administration Immediately Addresses Energy And Environmen..
AQ
01/22TC ENERGY : Indigenous business coalition leader says Keystone XL denial will hu..
AQ
01/22TC ENERGY : Alberta premier wants direct compensation from U.S. if Keystone XL p..
AQ
01/22Keystone Pipeline Cancellation Raises Pressure on Canadian Producers -- Updat..
DJ
01/22Keystone Pipeline Cancellation Raises Pressure on Canadian Producers
DJ
01/22TC Energy reports results of conversion elections for Series 5 and 6 preferre..
GL
01/22Even without Keystone XL, U.S. set for record Canadian oil imports
RE
01/21What Is the Keystone XL Pipeline and Why Did President Biden Issue an Executi..
DJ
01/21LOSS OF KEYSTONE XL PIPELINE EXPECTE : experts
AQ
01/21TC ENERGY : to Eliminate 1,000 Construction Jobs as Biden Halts Keystone XL Proj..
MT
More news
Financials
Sales 2020 13 062 M 10 160 M 10 160 M
Net income 2020 4 241 M 3 299 M 3 299 M
Net Debt 2020 49 718 M 38 672 M 38 672 M
P/E ratio 2020 12,6x
Yield 2020 5,87%
Capitalization 49 380 M 38 653 M 38 409 M
EV / Sales 2020 7,59x
EV / Sales 2021 7,34x
Nbr of Employees 7 305
Free-Float 93,9%
Chart TC ENERGY CORPORATION
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TC Energy Corporation Technical Analysis Chart | TRP | CA87807B1076 | MarketScreener
Technical analysis trends TC ENERGY CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 68,27 CAD
Last Close Price 54,62 CAD
Spread / Highest target 39,1%
Spread / Average Target 25,0%
Spread / Lowest Target 13,5%
EPS Revisions
Managers and Directors
NameTitle
Francois L. Poirier President, Chief Executive Officer & Director
Siim Alden Vanaselja Chairman
Donald R. Marchand Chief Financial Officer & Executive VP-Strategy
Donald Michael Godfrey Stewart Independent Director
Mary Pat Salomone Independent Director
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