TC Energy Declines to Redeem Preferred Shares, Offers Conversion Options to Shareholders
- Redemption Decision: TC Energy announced it will not redeem its Series 5 and Series 6 Preferred Shares on January 30, 2026, allowing shareholders to choose to retain or convert their shares, thereby providing flexible investment options.
- Dividend Options: Holders of Series 5 Shares can retain them for a fixed annual dividend of 4.501%, or convert to Series 6 Shares for a floating quarterly dividend of 3.732%, enhancing investment flexibility and potential returns.
- Conversion Rights and Deadline: Shareholders must notify their brokers by January 16, 2026, to exercise their conversion rights; those who do not will automatically retain their shares, ensuring investors are informed and empowered in their decisions.
- Future Conversion Opportunities: Shareholders will have the chance to convert their shares again on January 30, 2031, and every five years thereafter, reflecting the company's long-term commitment and support for its preferred shareholders.
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TC Energy Declines to Redeem Preferred Shares, Offers Conversion Options to Shareholders
- Redemption Decision: TC Energy announced it will not redeem its Series 5 and Series 6 Preferred Shares on January 30, 2026, allowing shareholders to choose to retain or convert their shares, thereby providing flexible investment options.
- Dividend Options: Holders of Series 5 Shares can retain them for a fixed annual dividend of 4.501%, or convert to Series 6 Shares for a floating quarterly dividend of 3.732%, enhancing investment flexibility and potential returns.
- Conversion Rights and Deadline: Shareholders must notify their brokers by January 16, 2026, to exercise their conversion rights; those who do not will automatically retain their shares, ensuring investors are informed and empowered in their decisions.
- Future Conversion Opportunities: Shareholders will have the chance to convert their shares again on January 30, 2031, and every five years thereafter, reflecting the company's long-term commitment and support for its preferred shareholders.
TC Energy Declines to Redeem Preferred Shares, Offers Holders Options
- Preferred Share Redemption Decision: TC Energy announced it will not exercise its right to redeem its Series 5 and Series 6 preferred shares on January 30, 2026, allowing shareholders to continue receiving fixed quarterly dividends, thus ensuring stable returns for investors.
- Shareholder Options: Holders of Series 5 preferred shares can choose to retain their shares for fixed dividends or convert them on a one-for-one basis into Series 6 shares to receive floating rate dividends, providing investors with flexible investment strategies.
- Market Reaction Expectations: This decision may influence investor perceptions of the company's dividend policy, particularly in the current interest rate environment where floating dividends could attract yield-seeking investors.
- Long-term Strategic Considerations: By opting not to redeem the preferred shares, TC Energy demonstrates prudent management of its capital structure, aiming to maintain financial flexibility and support future investment opportunities.
TC Energy's Fair Value Estimated at CA$92.49, Current Price CA$76.31
- Valuation Analysis: Using a two-stage free cash flow model, TC Energy's fair value is estimated at CA$92.49, while the current share price of CA$76.31 suggests the stock is trading close to its fair value, indicating a conservative market expectation for its future cash flows.
- Future Cash Flow Forecast: Projected free cash flows are expected to grow annually, starting at CA$2.18 billion in 2026 and reaching CA$4.69 billion by 2035, reflecting the company's potential profitability in the future, although growth rates are anticipated to slow.
- Terminal Value Calculation: A conservative growth rate of 2.8% is used to calculate a terminal value of CA$128 billion, with a present value of CA$68 billion, demonstrating the stability of the company's long-term value despite market volatility risks.
- Investor Attention: Although the current stock price is 17% below fair value, analysts forecast annual earnings growth over the next three years, indicating potential attractiveness and investment opportunities for the company in the market.
Significant Inflows Observed in ETFs - MLPX, ENB, TRP, KMI
MLPX Share Price Analysis: MLPX's share price is currently at $61.73, with a 52-week low of $53.54 and a high of $67.47, indicating its performance within the trading range.
Understanding ETFs: Exchange traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand, impacting the underlying assets.
Monitoring ETF Flows: Weekly analysis of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), which can affect the individual components of the ETFs.
Disclaimer on Views: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Canada to eliminate certain climate regulations to support Alberta-to-Pacific oil pipeline expansion.
Agreement on Climate Rules: Canada's Prime Minister Carney and Alberta's Premier Smith signed an agreement to roll back climate regulations to promote energy investment, facilitating a new oil pipeline from Alberta to the west coast.
Economic Impact and Internal Tensions: Carney highlighted that U.S. tariffs could cost Canada $50 billion, making energy projects essential for growth, while the deal has caused dissent within his government, leading to the resignation of environment minister Steven Guilbeault.
Opposition to Pipeline Project: Indigenous groups in British Columbia and Premier Eby oppose the pipeline, asserting that it will not proceed and that existing legislation, including the Oil Tanker Moratorium Act, should remain intact.
Pipeline Capacity and Market Outlook: The Trans Mountain pipeline has been operating at nearly full capacity, with analysts suggesting that new pipeline projects may not advance due to opposition from the B.C. government and First Nations.
Leading Analyst Insights on Oracle, Costco, and Cisco
Research Reports Overview: The Zacks Research Daily highlights new reports on 16 major stocks, including Oracle, Costco, and Cisco, along with two micro-cap stocks, showcasing unique research on smaller companies.
Oracle's Performance: Oracle has outperformed its industry, driven by its cloud infrastructure and partnerships, with expected net sales growth of 15.8% for fiscal 2026, despite challenges from increased competition.
Costco's Resilience: Costco's membership model and operational excellence have helped it navigate market challenges, with projected earnings growth of 10.9% in fiscal 2026, supported by strong e-commerce and supply chain strategies.
Cisco's Growth Strategy: Cisco has seen strong performance due to its subscription revenue model and acquisitions, with significant demand for AI infrastructure, although it faces competition in the networking sector.
TC Energy Declines to Redeem Preferred Shares, Offers Conversion Options to Shareholders
- Redemption Decision: TC Energy announced it will not redeem its Series 5 and Series 6 Preferred Shares on January 30, 2026, allowing shareholders to choose to retain or convert their shares, thereby providing flexible investment options.
- Dividend Options: Holders of Series 5 Shares can retain them for a fixed annual dividend of 4.501%, or convert to Series 6 Shares for a floating quarterly dividend of 3.732%, enhancing investment flexibility and potential returns.
- Conversion Rights and Deadline: Shareholders must notify their brokers by January 16, 2026, to exercise their conversion rights; those who do not will automatically retain their shares, ensuring investors are informed and empowered in their decisions.
- Future Conversion Opportunities: Shareholders will have the chance to convert their shares again on January 30, 2031, and every five years thereafter, reflecting the company's long-term commitment and support for its preferred shareholders.
TC Energy Declines to Redeem Preferred Shares, Offers Holders Options
- Preferred Share Redemption Decision: TC Energy announced it will not exercise its right to redeem its Series 5 and Series 6 preferred shares on January 30, 2026, allowing shareholders to continue receiving fixed quarterly dividends, thus ensuring stable returns for investors.
- Shareholder Options: Holders of Series 5 preferred shares can choose to retain their shares for fixed dividends or convert them on a one-for-one basis into Series 6 shares to receive floating rate dividends, providing investors with flexible investment strategies.
- Market Reaction Expectations: This decision may influence investor perceptions of the company's dividend policy, particularly in the current interest rate environment where floating dividends could attract yield-seeking investors.
- Long-term Strategic Considerations: By opting not to redeem the preferred shares, TC Energy demonstrates prudent management of its capital structure, aiming to maintain financial flexibility and support future investment opportunities.
TC Energy's Fair Value Estimated at CA$92.49, Current Price CA$76.31
- Valuation Analysis: Using a two-stage free cash flow model, TC Energy's fair value is estimated at CA$92.49, while the current share price of CA$76.31 suggests the stock is trading close to its fair value, indicating a conservative market expectation for its future cash flows.
- Future Cash Flow Forecast: Projected free cash flows are expected to grow annually, starting at CA$2.18 billion in 2026 and reaching CA$4.69 billion by 2035, reflecting the company's potential profitability in the future, although growth rates are anticipated to slow.
- Terminal Value Calculation: A conservative growth rate of 2.8% is used to calculate a terminal value of CA$128 billion, with a present value of CA$68 billion, demonstrating the stability of the company's long-term value despite market volatility risks.
- Investor Attention: Although the current stock price is 17% below fair value, analysts forecast annual earnings growth over the next three years, indicating potential attractiveness and investment opportunities for the company in the market.
Significant Inflows Observed in ETFs - MLPX, ENB, TRP, KMI
MLPX Share Price Analysis: MLPX's share price is currently at $61.73, with a 52-week low of $53.54 and a high of $67.47, indicating its performance within the trading range.
Understanding ETFs: Exchange traded funds (ETFs) function like stocks, where investors buy and sell "units" that can be created or destroyed based on demand, impacting the underlying assets.
Monitoring ETF Flows: Weekly analysis of shares outstanding helps identify ETFs with significant inflows (new units created) or outflows (units destroyed), which can affect the individual components of the ETFs.
Disclaimer on Views: The opinions expressed in the article are those of the author and do not necessarily represent the views of Nasdaq, Inc.
Canada to eliminate certain climate regulations to support Alberta-to-Pacific oil pipeline expansion.
Agreement on Climate Rules: Canada's Prime Minister Carney and Alberta's Premier Smith signed an agreement to roll back climate regulations to promote energy investment, facilitating a new oil pipeline from Alberta to the west coast.
Economic Impact and Internal Tensions: Carney highlighted that U.S. tariffs could cost Canada $50 billion, making energy projects essential for growth, while the deal has caused dissent within his government, leading to the resignation of environment minister Steven Guilbeault.
Opposition to Pipeline Project: Indigenous groups in British Columbia and Premier Eby oppose the pipeline, asserting that it will not proceed and that existing legislation, including the Oil Tanker Moratorium Act, should remain intact.
Pipeline Capacity and Market Outlook: The Trans Mountain pipeline has been operating at nearly full capacity, with analysts suggesting that new pipeline projects may not advance due to opposition from the B.C. government and First Nations.
Leading Analyst Insights on Oracle, Costco, and Cisco
Research Reports Overview: The Zacks Research Daily highlights new reports on 16 major stocks, including Oracle, Costco, and Cisco, along with two micro-cap stocks, showcasing unique research on smaller companies.
Oracle's Performance: Oracle has outperformed its industry, driven by its cloud infrastructure and partnerships, with expected net sales growth of 15.8% for fiscal 2026, despite challenges from increased competition.
Costco's Resilience: Costco's membership model and operational excellence have helped it navigate market challenges, with projected earnings growth of 10.9% in fiscal 2026, supported by strong e-commerce and supply chain strategies.
Cisco's Growth Strategy: Cisco has seen strong performance due to its subscription revenue model and acquisitions, with significant demand for AI infrastructure, although it faces competition in the networking sector.
