South Bow Corp T.SOBO

Alternate Symbol(s): SOBO

Energy Oil & Gas Midstream

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

South Bow Corp > ACB split

<< Previous

Bullboard Posts

Next >>

Post by TeamCommonSenseon Oct 20, 2024 11:16am

97 Views

Post# 36273674

ACB split

Just noted this AM that both TC Energy and South Bow websites now detail ACB split as:

9% of ACB to SOBO

91% to (new/residual) TRP

Details found within documentation re Canadian tax implications of spinoff .... no press release seen!

<< Previous

Bullboard Posts

Next >>

Three top bank stocks to give your portfolio a boost