News Formal

TC Energy shareholders approve spinoff, creation of South Bow pipelines business

  • 📰 CBCCalgary
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.

TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.

The company's crude oil pipelines, including the critical Keystone pipeline system, will become part of a new liquids pipeline business called South Bow. "As two separate entities, each company will have the ability to focus on their distinct strategies and opportunity sets, delivering essential energy that the world relies upon," Poirier said.

Spinning off the oil pipelines business, which has long-term committed contracts with oil shippers, will give South Bow the chance to use its robust cash flows to pay down debt and enhance shareholder returns, while TC Energy will become a growth-oriented company focused on natural gas.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 78. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

TC Energy shareholders approve spinoff, creation of South Bow pipelines businessCALGARY — TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.
Bron: SooToday - 🏆 8. / 85 Lees verder »

TC Energy shareholders approve spinoff, creation of South Bow pipelines businessTC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.
Bron: BNNBloomberg - 🏆 83. / 50 Lees verder »

TC Energy shareholders approve spinoff, creation of South Bow pipelines businessCALGARY — TC Energy Corp. shareholders have voted in favour of spinning off the company's crude oil pipelines business.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »

TC Energy shareholders vote to spin off company’s liquids pipeline businessThe spinoff will create a new energy infrastructure firm known as South Bow Corp whose assets include the Keystone oil pipeline
Bron: globeandmail - 🏆 5. / 92 Lees verder »