TransCanada plans to change name to TC Energy
Tuesday, January 15, 2019
Canadian pipeline company TransCanada Corp. plans on changing its name to TC Energy to reflect its recent growth into new markets, according to the Washington Post.
If shareholders and regulators approve the name change, TransCanada becomes TC Energy in the second quarter. However, the stock ticker “TRP” will not change.
In recent years, TransCanada has expanded operations in U.S. and Mexico markets.
Learn more: Washington Post > TransCanada to change name to TC Energy
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
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Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.