TC Energy: Liquids Spin-Off Creates A Premier Gas Midstream
Portfolio Pulse from
TC Energy has spun off its liquids pipelines business, South Bow, to focus on its gas midstream operations across North America. This move is expected to enhance profitability and capitalize on natural gas demand trends. Analysts have initiated an Overweight rating with a $46 price target.
November 12, 2024 | 1:30 pm
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POSITIVE IMPACT
TC Energy has spun off its liquids pipelines business, South Bow, to become a pure-play gas midstream company. This strategic move is expected to improve profitability and position the company to benefit from increasing natural gas demand.
The spin-off of South Bow allows TC Energy to concentrate on its core gas midstream operations, which is expected to improve margins and profitability. The company's focus on natural gas aligns with growing demand trends, making it an attractive investment. Analysts have responded positively with an Overweight rating and a $46 price target, indicating a likely positive impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100