South Bow Corp T.SOBO

I have been thinking about buying the stock however I waited

[flush777]

If you snooze, you lose ... Now two expensive ... I think $30 is the sweet spot for me.

I am also thinking of the logic that Directors stated objective is debt reduction rather than growth, consequently, I have read that dividends constitute 115% of earnings, debt is repaid from earnings, therefore the logical inference is that the Directors would cut the dividend in order to proceed with the stated intent. OK, forget retained earnings and assume that all working capital is for operational requirements. Yep, a logical conclusion??

[newcoin]

They won't be cutting the dividend of this newly minted company. They know exactly what they are doing. The situation has been well worked out long before the spinoff took place. There will be some dips for you to buy in if you are fast enough. Personally, I doubt we see $30 again.

[JohnSP]

SOBO dropped 2% in US today, could be buying opportunity tomorrow Tuesday on TSX. 

[stockmarket1]

Quite the opposite lol. We might very well see $35

[KozmoT]

Good call on the $35 stockmarket1 !!