5 Undervalued Canadian Stocks to Buy Now

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1. TC Energy Corporation (NYSE:TRP)

PE Ratio: 4.44  

TC Energy Corporation (NYSE:TRP) is an energy infrastructure company. The firm primarily builds and runs a network of natural gas pipelines which extend to over 93,000 km. This network transports natural gas to power generation plants, industrial facilities, and LNG export terminals. The company also has natural gas storage facilities with a total working gas capacity of 535 billion cubic feet. It runs a 4,900 km liquids pipeline system that connects Alberta crude oil supplies to refining markets in the United States. 

In early July, news agency Reuters reported that TC Energy Corporation (NYSE:TRP) had reached an agreement with authorities in Mexico to build a $5 billion gas pipeline in the Veracruz state on the Gulf of Mexico coast. 

The pipeline, which will connect the ports of Tuxpan and Coatzacoalcos, will be built by TC Energy Corporation (NYSE:TRP) and CFE, a state-owned power firm in Mexico. TC Energy is headquartered in Calgary. 

You can also take a peek at 12 Best Environmental Stocks to Invest In and 10 Best Nickel Stocks to Buy Now.

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