Post by
bossu on Oct 12, 2024 1:41pm
Where do we go from now...
Evidently puzzling !
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 SandsFac
When the stock officially launched, the implied yield based on future dividend payments was a dazzling 9.3 per cent. For some companies, that might be a red flag. However, the likelihood of South Bow running into trouble right out of the gate seems unlikely. Moody's, S&P and Fitch have rewarded South Bow with an investment-grade stamp of approval.ility to the Grand Rapids Pipeline.
The high level of contracts and competitive position of the Keystone pipeline supports a healthy valuation, but the less diversified cash flows, lower growth and higher leverage will likely weigh on valuation relative to peers."
SOBO will need some quarters ,top /bottom line wiih positive outlook to justify the projected dividend..
The sector where I have been betting on early this year is pretty hot and I will continue to take profit in some .
Of course SOBO is a wild card and the sell button noi to far !