Big oil and some banks that fund them are pushing back against the "proposed" guidelines for either the start of cutting back on oil production or adding expensive carbon capture facilities by 2030 to met Federal requirements. The big companies in Canada see what's coming and have been shifting to Natural Gas and shipping it to market. The US is using more Natural Gas and TC energy has the pipeline to deliver it plus the NG port in BC for shipping.
I was looking for feedback on TC Energy (TRP-T) and the pipeline becoming two stock market companies. TC Energy and South Bow combined having the same dividend currently paid. The actual divide into two stocks will happen sometime later this year.
I read, listen to and watch the The Dividend Guy, Mike on the subjects that interest me. A recent video that gets into one of those subjects is TC Energy and South Bow. A good overview with the pros and cons. Where I'm long term, I'll continue with both. TRP being into Nuclear power plants is also a plus I agree with. Some major US utilities are adding nuke plants as power demands ramp up down south
I have read about all this fast tracking AI, which requires bigger data centres to feed it and that requires a lot of energy such as natural gas. If your into Bitcoin and know about Bitcoin Miner setups... they require a lot of power similar to the data centres geared for AI and other applications. TC Energy has an ex-dividend date of June 28th.
Summer is here and July will be about Bank stocks with me. BNS ... The Bank of Nova Scotia is on my hit list early in July to debate about with it's ex-dividend date. BNS didn't increase it's dividend like in past years so far in 2024. Some say it's a good thing like all banks when they don't see the growth numbers they like, they cut expenses and re-organise the section(s) causing the bleeding. Others sell where dividend growth has stalled for now.
BNS is undervalued with a current 6.86% yield and creating fear with some investors. Makes me want to buy more while it's down for now.
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