South Bow Corporation (SOBO)

• Market cap: $5.8B
• 1 day: 0.69%
• 5 days: 0.51%
• 1 month: 1.6%
• 3 months: 2.05%
• 6 months: 8.49%
• Year to date: 16.08%
• 1 year: 18.3%
• 5 years: 18.3%
• 10 years: 18.3%
• Sector: Energy
• Industry: Oil & Gas Midstream

About: South Bow Corp is a energy infrastructure company. The company is engaged in constructing pipelines system safely transports liquids like crude oil, across Canadian provinces, U.S. states, and Gulf coasts. It has three reportable segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. It derives maximum revenue from Keystone Pipeline System segment.

Employees: 600

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

24% more call options, than puts

Call options by funds: $11.6M | Put options by funds: $9.38M

5% less first-time investments, than exits

New positions opened: 36 | Existing positions closed: 38

1.34% less ownership

Funds ownership: 73.42% [Q1] → 72.08% (-1.34%) [Q2]

3% less funds holding

Funds holding: 293 [Q1] → 283 (-10) [Q2]

5% less capital invested

Capital invested by funds: $4.12B [Q1] → $3.89B (-$227M) [Q2]

25% less funds holding in top 10

Funds holding in top 10: 4 [Q1] → 3 (-1) [Q2]

41% less repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 107

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $26
• Avg. target: $27
• High target: $27

2 analyst ratings

• positive: 0 0%
• neutral: 1 50%
• negative: 1 50%

JP Morgan Jeremy Tonet	$27	Underweight Downgraded	21 Aug 2025
CIBC Robert Catellier	$26	Neutral Maintained	22 Jul 2025