Q: Would there be a good reason for the recent rise in share price for tvk ?
5i Research Answer:
Well, yesterday before noon we would have said Trump has backed off a bit on his tariff threats, which has likely helped TVK and other stocks recently. But then he indicated 25% tariffs to Canada by February 1. The stock is up 15% YTD already. Trump is pro-drilling, and this could help TVK's US business potential. It raised its dividend 17% in December, and also made an acquisition last month. Scotia started coverage at 'outperform' last week which has also helped share prices.