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TD starts coverage on Canadian Midstream stocks, Pembina, TC Energy top picks


Published on 2025-01-15 16:01:16 - MSN
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  • Companies with significant natural gas exposure and scale advantages are best positioned to outperform in the Canadian midstream sector, TD Cowen said on improved valuations and strong growth visibility.

The article from MSN Money discusses TD Securities' initiation of coverage on several Canadian midstream energy companies, highlighting Pembina Pipeline Corporation and TC Energy as top picks. Analyst Linda Ezergailis emphasized Pembina's diversified business model, which includes a mix of fee-based and commodity-sensitive assets, offering a balance between growth and stability. Pembina is noted for its potential to deliver strong total returns through a combination of yield and growth, supported by its strategic positioning in key energy infrastructure. TC Energy, on the other hand, is praised for its robust asset base, particularly in natural gas transmission, and its ongoing deleveraging efforts which are expected to enhance its financial flexibility. The coverage suggests that both companies are well-positioned to benefit from the energy sector's dynamics, with Pembina offering a more diversified approach and TC Energy focusing on its core competencies in natural gas.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/td-starts-coverage-on-canadian-midstream-stocks-pembina-tc-energy-top-picks/ar-AA1xgjba ]
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