South Bow Corp SOBO

Cushing Inventory levels

[Ocalaman]

Does anyone here share concerns about cushing inventory showing depletions since tmx came online, if so it could reduce volumes and revenuw and at a 125% payout ration in 2024 the dividend may either be at risk or stagnant

[Ocalaman]

Causes of Inventory Decline The primary factors contributing to this decline include: TMX Operations: Since its expansion began in May 2024, the TMX has redirected about 400,000 barrels per day of Canadian crude away from U.S. markets, particularly affecting flows to the Gulf Coast 2 3 . Increased Demand: Concurrently, there has been a rise in demand for U.S. crude

[BSdetector2016]

I don't think it will matter much; the Yanks are going to have to wake-up and pay market price for WCS, otherwise it gets shipped to Burnaby for export. When they start paying closer to its value then volumes will return and Cushing will fill up. We've been ripped-off for far too long.