interesting. nice bounces. who knew!I always find situations like that fascinating.
It shows how far out of the real picture the regular investor really is.
Insiders move an entire sector and we just get to sit and watch.
This article has a bit more info:In total, that is significant but not on an individual deal basis. I'd have to look at the TC website, but my take is TC may be busy investing in southern pipelines?
TC Energy now says it will sell off a total of $6.3 billion worth of assets in 2019 and use that cash to fund its growth program and “further strengthen its financial position.” The company had $35.8 billion in long-term debt at the end of the first quarter.
Long term hold for us in taxable account.Still, he said the company would be using the funds to pay for “near-term” capital projects, which include the construction of the Coastal GasLink Pipeline, connecting gas production in British Columbia with the $40-billion LNG Canada project in Kitimat, B.C.
Plus potentially another 10% stake to First Nations entities. TC must believe it needs to reduce its exposure to having 2 pipeline projects at one time, i.e. Keystone XL and Coastal GasLink. Probably a sound decision given the sad state of pipeline project uncertainty these days.