Q: Retired, dividend-income investor.....this is a "timing" question.
I am close to topping up TRP...no panic to do so.....got a couple of questions.
#1 = I believe TRP reports in August 02/23.....wait for them to report?
#2 = Coastal Gas Link project....I went searching and read their May 31 update. I was looking for something to give me an idea about "on time and on budget"...came up with zip.
Do you have any more current info? At under $54, it looks like a good price to add. However, if waiting for another 6 weeks might bring some clarity and/or an even better price, then I'm ok to wait.
Got any insight?
Thanks...Steve
I am close to topping up TRP...no panic to do so.....got a couple of questions.
#1 = I believe TRP reports in August 02/23.....wait for them to report?
#2 = Coastal Gas Link project....I went searching and read their May 31 update. I was looking for something to give me an idea about "on time and on budget"...came up with zip.
Do you have any more current info? At under $54, it looks like a good price to add. However, if waiting for another 6 weeks might bring some clarity and/or an even better price, then I'm ok to wait.
Got any insight?
Thanks...Steve
5i Research Answer:
We do not like basing a buy/sell decision on a single quarter. The stock goes ex-dividend June 29 ($0.93) and if buying we would prefer getting that dividend over waiting. Coastal hasn't had any recent news. Erosion continues to cause issues. But TRP does expect it to be finished by year end so the cost overruns should presumably stop when it is done. We are not sure six weeks will give any more clarity. Interest rate moves will 'probably' have a greater impact on the stock now than Coastal.