Exclusive: Carney knew of South Bow's Keystone XL plans before White House meeting, source says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 Canada's Prime Minister Mark Carney speaks to the media after touring auto parts manufacturer Martinrea Industries in Woodbridge, Ontario, Canada, February 5, 2026. REUTERS/Carlos Osorio[1/2]Canada's Prime Minister Mark Carney speaks to the media after touring auto parts manufac ...

Core Insights - The article emphasizes the author's extensive experience in investment banking, particularly in equity research and corporate finance within the Canadian electric utilities and infrastructure sectors [1]. Group 1: Experience and Expertise - The author has over twenty years of experience in sell-side equity research, corporate and project finance, M&A, and valuations [1]. - A decade was spent as an equity research analyst at global banks, including UniCredit Securities and HSBC Global Markets, where the author was recognized as a top-rated analyst [1]. - Prior to the investment banking career, the author worked for ten years in a Canadian corporate environment focusing on power projects and M&A [1]. Group 2: Investment Philosophy - The author believes in actionable investment ideas and the importance of compelling narratives and clear arguments [1]. - There is an intention to share insights and stories to contribute to a more informed investment community [1].

Operational Highlights - South Bow's pipeline footprint spans 4,900 km[2] - The company safely and reliably delivers 1.25 million barrels of crude oil per day (MMbbl/d)[2] - Terminal storage capacity reaches 7.6 million barrels (MMbbl)[2] - Keystone Pipeline throughput commitments are currently at 585 Mbbl/d[9] Financial Highlights - The company has 208 million shares outstanding[3] - Market capitalization stands at $5.5 billion[3] - Enterprise value is $10.9 billion[3] - The annual base dividend is $2.00 per share, resulting in a dividend yield of approximately 8%[3] - Q2 2025 normalized EBITDA was $250 million[5] - The net debt-to-normalized EBITDA ratio is 4.6x[5] - The company anticipates exiting 2025 with a net debt-to-normalized EBITDA ratio of approximately 4.8x[7] Contractual Framework - Approximately 90% of normalized EBITDA is contracted[13] - 96% of revenue exposure is to investment-grade counterparties[13] - Approximately 95% of customers are refiners, vertically integrated companies, and producers[13]

加拿大能源基础设施公司South Bow裁减原油交易团队。 ...

智通财经4月12日电，加拿大能源基础设施公司South Bow裁减原油交易团队。 ...