RE:RE:RE:Taking some very healthy profits from my long term positionstockmarket1 wrote: I agree. I sold a small amount the other day and now I'm holding onto what I have which is still an adaquite amount. Both WTI and nat gas still, imho, have more upside. A few Peyto Analysts have a price target of $17 and above. If we hit $17 + then I might be convinced into selling off more. But, gotta like that dividend Pey pays. Hard to walk away from that.
Anyone have any idea if symbol == SOBO is good? Thanks
Thanks for bringing this spinoff from TRP to our attention.
Assets look phenominal, this is one I would buy if it were to correct downward.
US presidential election outcome and Canadian federal election outcome will impact demand for this co.
https://cdn.prod.website-files.com/660c776204e3cec73ea12e3b/66fb44ed58bcbd96a31f7d0d_sb-corp-presentation-oct-2024.pdf Looks like South Bow will be a low-growth, income vehicle.
The oil transport assets of TC, formerly TransCanada Pipeline.
This kind of holding would be ideal for retirees seeking stability of income, modest growth, and exposure to long-term oil infrastructure in North America.
Should be in operation for the life of Central Alberta's heavy oil reserves.
US refineries need to be fed, SOBO will deliver the product.
I haven't looked at today's valuation but these assets are irreplaceable.
RBC suggests current price is close to fully valued near the $6B mark.
From RBC DS:
"
RBC Update - Our view: South Bow’s shares offer investors direct and material exposure to Keystone, one of North America's most critical energy pipelines that is underpinned by long-term contracted cash flows. The shares' trading may be volatile in the short term as the investor base changes, although the stock's attractive dividend should keep any weakness in check. Longer term, the stock's valuation could improve when the market sees South Bow's financial setup and growth outlook materially improve, and perceives Keystone's physical asset integrity more favourably. Overall, we initiate coverage with an Outperform rating and a price target of C$34.00."
Good stuff!
Thanks for sharing.