Trump revives Keystone XL permit, but pipeline revival faces major hurdles [Wealth Professional (Canada)]

South Bow Corporation Common Shares (SOBO)
Company Research
Source: Wealth Professional
US President Donald Trump has moved to reverse former President Joe Biden's cancellation of the Keystone XL pipeline permit. This executive order was among several Biden-era directives rescinded on Monday, as reported by BNN Bloomberg However, the controversial pipeline, designed to carry Canadian crude oil to Nebraska, faces slim chances of revival, as the former developer, South Bow Corp., has shown no interest in resuming the project. “We've moved on from Keystone XL,” South Bow CEO Bevin Wirzba said in June, underscoring the company's shift away from the multibillion-dollar, 1,200-mile pipeline project. Parts of the pipeline system, which would have run through Alberta, Montana, South Dakota, and Nebraska, have been dismantl
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News
- South Bow Co. (NYSE: SOBO) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada.MarketBeat
- South Bow Co. (NYSE: SOBO) had its price target raised by analysts at National Bankshares, Inc. from $24.00 to $25.00. They now have a "sector perform" rating on the stock.MarketBeat
- South Bow Co. (NYSE: SOBO) had its price target raised by analysts at Scotiabank from $26.00 to $27.00. They now have a "sector perform" rating on the stock.MarketBeat
- South Bow Co. (NYSE: SOBO) was downgraded by analysts at CIBC from a "sector outperform" rating to a "neutral" rating.MarketBeat
- South Bow Co. (NYSE: SOBO) was downgraded by analysts at Wolfe Research from an "outperform" rating to a "peer perform" rating.MarketBeat
SOBO
Sec Filings
- 3/6/25 - Form 6-K
- 3/6/25 - Form 40-F
- 3/5/25 - Form 6-K
- SOBO's page on the SEC website