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The stock of TC Energy (NYSE:TRP, 30-year Financials) appears to be modestly overvalued, according to GuruFocus Value calculation.
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TC Energy was known as TransCanada before rebranding in 2019. The company was incorporated in 1951 by a Special Act of Parliament as Trans-Canada Pipe Lines Limited. [10] In 1954 N. Eldon Tanner, president of Merrill Petroleums and former Alberta legislator, became president of the company. [11]
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TC Energy confirmed that there had been a release of oil into a creek located in Washington County, Kansas, 20 miles to the south of Steele City, Nebraska. About 588,000 gallons of tar sands crude was released. US oil prices rose about 4% the following day following news of the leak and shutdown.
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