SOUTH BOW CORP., $32.31, Toronto symbol SOBO, is a hold. On October 1, 2024, TC Energy Corp. (Toronto symbol TRP) completed the spinoff of its oil pipeline business as separate company South Bow. Investors received 0.2 of a South Bow share for every TC share they held. They will not be liable for capital gains taxes until they sell their new shares. This new firm operates a 4,900-kilometre pipeline network that pumps crude oil from Alberta to refineries in Illinois, Oklahoma and the U.S. Gulf Coast. That network includes the Keystone pipeline, which ships about 20% of Western Canadian oil to the U.S. This week, the company shut down the Keystone line due to a rupture in North Dakota that spilled 3,500 barrels of oil in a rural area. South Bow has not yet said how long it will take to repair the damage and re-start the pipeline. However, based on previous spills, Keystone should resume regular operations in the next few days. It’s unlikely that…