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Stock impact report

Is South Bow Stock a Buy After its Split From TC Energy? [Yahoo! Finance Canada]

TC Energy Corporation (TRP) 
Last tc energy corporation earnings: 5/1 07:30 am Check Earnings Report
US:NYSE Investor Relations: transcanada.com/en/investors
TC Energy TSX:TRP )is a diversified energy infrastructure company based in Canada. Last year, TC Energy announced plans to separate its liquids pipelines business into a new entity called South Bow TSX:SOBO ). The spin-off will mean TC Energy will focus on providing natural gas and low-carbon energy solutions. At the same time, South Bow will own and operate the liquids pipelines and crude oil transportation business. The spin-off was completed in September 2024, allowing TC Energy to transition into a utility-like company with durable cash flows. It will now focus on verticals such as natural gas infrastructure, nuclear energy, and pumped hydro storage. Meanwhile, South Bow will enhance existing liquid pipeline operations, which include the Keystone pipeline system. The company confirmed it would use excess cash flows to manage balance sheet debt prudently and return capital to shareholders. Let's see if investing in South Bow stock at the current valuation makes sense. Is S Show less Read more
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