Albert Alfonso
Dividend investing, dividend growth investing, master limited partnerships, oil & gas

TC Pipelines: Dropdowns From TransCanada Are A Potential Catalyst

TC Pipelines (NYSE:TCP) is a midstream MLP operated by TransCanada Corp (NYSE:TRP). As a pipeline company, TC Pipelines has virtually no commodity price exposure and relatively little volume exposure due to its capacity mostly being under long-term contracts. TC Pipelines offers a $0.78 per unit per quarter distribution and at current prices yields about 7.20%.

(click to enlarge)

TC Pipelines assets include interests in over 5,560 miles of interstate natural gas pipelines with a combined total capacity of about 8.9 BCF/D. TC Pipelines owns or has ownership interests in pipelines ranging from the Canadian border to the Midwestern US and the West Coast. Note that only the North Baja and Tuscarora pipelines are 100% owned by...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details