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South Bow Corp T.SOBO

Alternate Symbol(s):  SOBO

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. The Company connects Canadian crude oil supply to the strongest demand and refining markets in the United States Midwest and Gulf Coast. Its pipeline infrastructure, approximately 4,900 kilometers (km) (3,000 m), connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma and the United States Gulf Coast. The Canadian portion of the pipeline runs from Hardisty, Alberta, east through Manitoba where it turns south and crosses the border into North Dakota. In Alberta, its Grand Rapids Pipeline System (460 kilometers/287 mi) connects producing areas northwest of Fort McMurray, to terminals in the Edmonton/Heartland regions, including the TransMountain Terminal. Its White Spruce Pipeline System (72 km/45 mi) transports crude oil produced at the Canadian Natural Resources Limited Horizon Oil Sands Facility to the Grand Rapids Pipeline.


TSX:SOBO - Post by User

Post by bossuon Sep 29, 2024 4:27pm
823 Views
Post# 36246164

Expected dividend yield/Share price evaluation

Expected dividend yield/Share price evaluationSplit dividend yield to be 
New TC Energy approx 86 %
         SOBO                    14% 
according to TRP presentatiopn

TRP actual quarterly dividend of 96 cents per common share for the quarter ending Sept. 30, 2024, or $ 3,84 per year  or 6,0 % assuming the H2 number at the same level as  the H1

Liquids Pipeline for 6 months $ 586 M or $ 1172 M for 2024
Gas/ Powers/ Corporate ........$ 4272 M or $ 8484 M
Number taken from the   2024  H1 FR

So % revenues  of liquids Pipelines     13,7 or $ 1 605 M

Assuming a 70 % dividend distribution would be $ 1123 M


Number SOBO Shares 207 500 000    or a dividend of 0,54 

Actual SOBO trading at $ 30,00 and a 6,0 % yield does no look
a good price and shoud be much higher

Can somebody show the number SOBO shoud be trading 
Why not $ 60 and 9,0% yield




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