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South Bow Corp Restarts Keystone Pipeline After Oil Release Incident

Story Highlights
  • South Bow Corp has restarted the Keystone Pipeline after repairing an oil release.
  • The company is implementing safety measures and working with stakeholders for remediation.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
South Bow Corp Restarts Keystone Pipeline After Oil Release Incident

South Bow Corp ( (TSE:SOBO) ) just unveiled an announcement.

South Bow Corp has successfully restarted the Keystone Pipeline following a temporary shutdown due to an oil release incident near Fort Ransom, North Dakota. The company has repaired the affected section and is actively engaged in cleanup efforts, ensuring safety and environmental protection. Regulatory approval was obtained from the Pipeline and Hazardous Materials Safety Administration, and the company is implementing operating pressure restrictions to ensure safe operations. South Bow is working closely with regulators, local officials, and stakeholders to complete the remediation process and maintain transparency with timely updates.

More about South Bow Corp

South Bow Corp is a company operating in the oil and gas industry, focusing on the transportation of energy resources through pipelines. Its primary service includes managing and maintaining the Keystone Pipeline, which plays a significant role in the energy infrastructure across North America.

YTD Price Performance: 2.11%

Average Trading Volume: 1,700,186

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$6.8B

See more insights into SOBO stock on TipRanks’ Stock Analysis page.

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