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Top related persons:
Linda Ezergailis - 1 Ryan Bushell - 1 Bushell - 1 Francois Poirier - 1 TC - 1 Brandon Thimer - 1 Poirier - 1 It's - 1
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Toronto Columbia Newhaven United States Kansas
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TC Energy - 1 Keystone - 1 Columbia - 1 Transmission - 1 TC - 1 Securities - 1 Newhaven Asset Management - 1 Investment - 1

Search resuls for: "Brandon Thimer"


2 mentions found


☆ TC Energy shares sink on plans to spin off oil pipeline business
  + stars: | 2023-07-28 | by ( Rod Nickel Arshreet Singh | Rod Nickel | Arshreet Singh | ) www.reuters.com   time to read: +3 min
Companies TC Energy Corp FollowJuly 28 (Reuters) - Shares of TC Energy (TRP.TO) fell nearly 5% on Friday after the Keystone pipeline operator said it would spin off its liquids business to focus on transporting natural gas. But TD Securities downgraded TC to "hold" from "buy", saying it was skeptical the spinoff would create value. TC CEO Francois Poirier said TC needed to sell another C$3 billion in assets during the next 18 months to reach its 4.75 times debt to EBITDA target. TC had 5.4 times debt to EBITDA last year and is aiming to reduce that to 5 times this year. TC's Keystone pipeline in December spilled more than 14,000 barrels of oil in Kansas.
Persons: Linda Ezergailis, Ryan Bushell, Bushell, Francois Poirier, TC, Brandon Thimer, Poirier, It's, ” Poirier, Stephen Ellis, TC's, Joe Biden, Arshreet Singh, Rod Nickel, Anil D'Silva, Mark Potter Organizations: TC Energy, Keystone, Columbia, Transmission, TC, Securities, Newhaven Asset Management, Investment, National Bank of Canada, Morningstar, Thomson Locations: Toronto, Columbia, Newhaven, United States, Kansas
☆ 'No sacred cows' as pipeline company TC Energy prepares for C$5 bln asset sales
  + stars: | 2022-12-02 | by ( Rod Nickel | Thomson Reuters | Covers Energy | ) www.reuters.com   time to read: +3 min
"I remember reading a book once called, 'Sacred Cows Make the Best Burgers,'" Poirier said at the company's investor day. Calgary, Alberta-based TC is widely known for its Keystone oil pipeline, a critical artery for moving Canadian oil to U.S. refiners that dominated headlines over the past decade for an expansion that ultimately failed. Keystone could fetch TC C$12.8 billion, said CIBC analyst Robert Catellier in a note. He added that reducing TC's oil exposure would help it reach its emissions-reduction goals. TC's stake in the Millennium natural gas pipeline in New York state is another logical sale candidate and could fetch $1 billion, said Scotiabank analyst Robert Hope.
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