TRP deals with a leak

Article Excerpt

TC ENERGY INC., $53.07, is a buy. The company (Toronto symbol TRP; Shares outstanding: 1.0 billion; Market cap: $53.3 billion; TSINetwork Rating: Above Average; Dividend yield: 6.8%; www.tcenergy.com.) recently had to shut down its Keystone oil pipeline due to the leak of 14,000 barrels into a creek in Kansas. It has now recovered about 4,125 of those barrels. Keystone pumps over 600,000 barrels a day of crude from Alberta to refineries in the U.S. Midwest and Gulf Coast. Oil didn’t breach the containment area, and the Kansas creek does not connect to a drinking water source. The affected segment has been isolated and TC Energy has contained downstream migration of the release.   The U.S. Environmental Protection Agency has also confirmed that no drinking water had been polluted and a response crew was cleaning up the affected areas.  The cleanup will probably take several weeks. However, the company has re-started sections of the line unaffected by the leak. TC Energy is still a buy. buy. …