TC Energy, a Canadian energy stock listed on both the TSE and NYSE, recently faced a pipeline rupture that caused a wildfire near Edson, Alberta. The wildfire affected approximately 10 hectares of land but was quickly contained. Investigations are ongoing to determine the cause of the rupture and subsequent fire.
Despite the incident, TC Energy’s share prices only experienced a slight decline in Wednesday morning trading. The company’s NGTL natural gas pipeline is known for its low risk and attractive dividend yields, making it a potentially safe investment, especially with the possibility of interest rate cuts by the Bank of Canada.
Analysts on Wall Street have given TC Energy a Moderate Buy consensus rating, with potential upside in its share price. While the company may not be included in TipRanks’ Smart Dividend Stock Portfolio, it still presents an opportunity for passive income for investors.