TRP Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: A diversified energy portfolio and positive regulatory changes, like potential Keystone approvals, provide long-term growth prospects due to stable demand and new project synergies.




Bearish Case: Legal uncertainties, Keystone pipeline disputes, and environmental compliance issues pose ongoing financial and operational risks, potentially deterring investor confidence and suppressing TRP's stock price.




Potential Outcomes:

1. Positive regulatory outcomes boost confidence (40%).

2. Legal setbacks impact reputation and finances (35%).

3. Stable growth due to diversified projects (25%).




Trading Oracle: Consider bullish debit spreads on TRP, targeting options at $46-$48 with March 2025 expiry. This exploits potential regulatory approvals, with medium-term volatility indicating possible appreciation. Manage trades actively as news unfolds and implied volatility changes.



December 28, 2024


TC Energy Forecast

TRP        TC Energy











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