TC PipeLines is engaged in acquiring, owning and participating in the management of energy infrastructure businesses in North America. Co. has ownership interests in eight natural gas interstate pipeline systems Gas Transmission Northwest LLC, Northern Border Pipeline Company, Bison Pipeline LLC, Great Lakes Gas Transmission Limited Partnership, North Baja Pipeline, LLC, Tuscarora Gas Transmission Company, Portland Natural Gas Transmission System and Iroquois Gas Transmission System, LP, which are collectively designed to transport natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western, Midwestern and Eastern United States. We show 45 historical shares outstanding datapoints in our TCP shares outstanding history coverage, used to compute TCP market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing TCP market cap history over the course of time is important for investors
interested in comparing TCP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of TCP versus a peer is one thing; comparing
TCP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like TCP can fluctuate over the course of history.
With this page we aim to empower investors researching TCP by allowing them to research the TCP market cap history. |
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Video: The Importance of Market Cap
