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South Bow (SOBO-T)
TSE:SOBO
34.18
0.49
(1.41%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 4 opinions in the last 12 months.
South Bow (SOBO-T) is a recent spin out from TC Energy with high-quality assets and excellent cash flow. The dividend is deemed safe and reliable, making it attractive to bond proxy investors. While growth prospects are modest, the estimated juicy 9% dividend is appealing. The stock may need time to settle after the spinoff, but generally, spinouts are set up for success. There may be an opportunity for investors as the stock becomes more established.
$32.860
Unknown
Made up of oil pipeline assets previously owned by TRP. He got shares in the spinoff. Thinks that, long term, he'll sell; but not in a huge rush. Dividend estimated to be a juicy 9%, though not yet declared. But growth is modest, so dividend increases will be as well.
He doesn't know enough about the spinoff to be able to make a recommendation. Yield is 9%.
Now that the split's been done, things will need to settle. He holds both it and the spinoff, and he'll assess going forward.
Generally when there are spinouts, the spinout is set up for success. So he usually likes those products. At the beginning there are often a bunch of people who don't know it, sell it off, and that can be an opportunity.
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South Bow(SOBO-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 3
South Bow(SOBO-T) Frequently Asked Questions
What is South Bow stock symbol?
South Bow is a Canadian stock, trading under the symbol SOBO-T on the Toronto Stock Exchange (SOBO-CT). It is usually referred to as TSX:SOBO or SOBO-T
Is South Bow a buy or a sell?
In the last year, 3 stock analysts published opinions about SOBO-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for South Bow.
Is South Bow a good investment or a top pick?
South Bow was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for South Bow.
Why is South Bow stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is South Bow worth watching?
3 stock analysts on Stockchase covered South Bow In the last year. It is a trending stock that is worth watching.
What is South Bow stock price?
On 2024-11-12, South Bow (SOBO-T) stock closed at a price of $34.18.
Recent spin out from TC Energy. High quality name with excellent cash flow. Won't have a lot of growth, but dividend very safe and reliable. Good for bond proxy investors.