Goldman Sachs Upgrades TC Energy to Buy, Announces $71 Price Target
Goldman Sachs analyst John Mackay upgrades TC Energy (NYSE:TRP) from Neutral to Buy and announces $71 price target.
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Today, the CGL pipeline safely transports approximately 2.1 Bcf/d of natural gas. CGL Phase 2 will nearly double the existing capacity by adding new compressor stations and upgrading facilities along the existing
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Goldman Sachs analyst John Mackay upgrades TC Energy (NYSE:TRP) from Neutral to Buy and announces $71 price target.
Generates cash proceeds of approximately $560 million (US$400 million)High-grading portfolio to redeploy proceeds towards accretive growth opportunities across TC Energy’s North American footprintCALGARY, Alberta, Sept.
TC Energy Corporation announced the sale of its Guadalajara-Manzanillo Pipeline in Mexico to ESENTIA Energy Development for $560 million (US$400 million). The transaction, expected to close in the first half of 2027, is part of TC Energy's portfolio optimization strategy to redeploy proceeds toward accretive growth opportunities in North America. TC Energy will retain its broader Mexico natural gas pipeline network of approximately 3,300 kilometers.