TC Energy Shareholders Approve Spin-Off Of Liquids Pipeline Business: Report
TC Energy Shareholders Approve Spin-Off Of Liquids Pipeline Business: Report
At the annual general meeting, TC Energy CEO Francois Poirier stated, "Spinning off South Bow will allow both companies to maximize the value of their respective assets. Each company will have the ability to focus on their distinct strategies and opportunity sets."Shareholders of TC Energy Corporation (NYSE:TRP) reportedly gave the green light to create a new energy infrastructure company called South Bow Corp, including assets such as the Keystone oil pipeline.
據報道，TC能源公司（紐交所：TRP）的股東們批准成立一個名爲南博公司的新能源基礎設施公司，包括類似於Keystone石油管道的資產。
The spin-off will allow TC Energy to reduce its debt and shift its focus to natural gas transportation, reported Reuters.
據路透社報道，這次分拆將使TC能源減少債務並轉向天然氣運輸。
South Bow Corp's assets include around 4,900 kilometers of liquid pipelines linking Alberta and the U.S. oil sources to refining hubs in Illinois, Oklahoma, and Texas.
南博公司的資產包括大約4,900公里的液體管道，連接阿爾伯塔和美國的石油源，到伊利諾伊州、俄克拉荷馬州和得克薩斯州的煉油中心。
At the annual general meeting, TC Energy CEO Francois Poirier stated, "Spinning off South Bow will allow both companies to maximize the value of their respective assets. Each company will have the ability to focus on their distinct strategies and opportunity sets."
在年度股東大會上，TC能源首席執行官弗朗索瓦·波里耶表示：“分拆南博將使兩家公司最大化各自資產的價值，同時更好地專注於各自的戰略和機會。”
As per the report, South Bow will have a significant debt load of C$7.9 billion ($5.78 billion) from TC Energy and will compete with other pipeline companies for market share in the U.S. Gulf Coast market.
根據報告，南博將從TC能源獲得79億加元（57.8億美元）的巨額負債，並將與其他管道公司在美國墨西哥灣沿岸市場競爭。
Also, Bevin Wirzba, TC Energy's executive vice president of liquids pipelines, is slated to become CEO at South Bow.
同時，TC能源液體管道的執行副總裁Bevin Wirzba將成爲南博的CEO。
The two companies are expected to officially separate in the fall, and South Bow will be listed on the Toronto and New York stock exchanges.
兩家公司預計將於秋季正式分拆，並在多倫多和紐約證券交易所上市。
In a recent research note, BMO Capital Markets analyst Ben Pham mentioned that South Bow's limited asset base and slower growth projections compared to TC Energy could impact its valuation, per the report.
據報告，BMO資本市場分析師Ben Pham在最近的一份研究報告中提到，南博的有限資產基礎和較慢的增長預期可能會影響其估值。
However, the new company will have the advantage of long-term shipping contracts that cover 94% of capacity on the Keystone pipeline, ensuring steady revenue streams.
然而，新公司將具有Keystone管道容量94％的長期運輸合同，確保穩定的營業收入。
Investors can gain exposure to the stock via VanEck Energy Income ETF (NYSE:EINC) and Barclays iPath Select MLP ETN (BATS:ATMP).
投資者可以通過VanEck新能母基ETF（紐交所：EINC）和巴克萊iPath Select MLP ETN（BAT：ATMP）獲得該股票的權益。
Also Read: TC Energy's NGTL Pipeline Faces Pressure Reduction Order Despite Repaired Rupture: Report
另請閱讀TC能源的NGTL管道“儘管已修復破裂，仍面臨壓力降低指令”的報告。
Price Action: TRP shares are down 0.42% at $38.22 at the last check Tuesday.
價格走勢：據最後一次檢查，TRP股價下跌0.42％，爲38.22美元/股，星期二。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
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圖片來自shutterstock。