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TC Energy Corporation (TRP $65.54)
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Pembina Pipeline Corporation (PPL $50.83)
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South Bow Corporation (SOBO $35.86)
Q: In what order would you buy PPL, SOBO and TRP? Are all three buyable at todays prices? Which has the best upside? Which is the most likely to increase their dividend?
5i Research Answer:
Our rank: PPL, TRP, SOBO. We would be comfortable buying any today. PPL may have the most upside from its lower valuation levels. Historically, it also has the best dividend growth record (though SOBO is really too new to call in that regard).