I like TC Energy. It has been good to me. I planned on buying more on the next dip. It dipped but I didn't buy. Why. Because there was a clear
reason for its loss in value. TC Energy announced it was splitting off
its liquid energy business. Almost immediately banks and others were
slashing their target values for the stock. It dropped from the low $60s
to the low $50s. Ouch!
Today I read a report
from Morningstar. It was rather positive. I decided the market
over-reacted, not uncommon, I picked up 200 shares at what felt like an almost bargain basement price. With an annual dividend of $3.72, my
income jumped $744 a year with the purchase.
