TC Energy’s Oil Pipeline Spin-Off Faces Obstacles in Bet on U.S. Gulf

(Reuters) – TC Energy’s  planned oil pipeline spin-off is a bet that it can supply more Canadian crude to U.S. Gulf of Mexico refiners, but the venture faces stiff competition and will carry high debt when it starts up. The South Bow spin-off, which TC investors will vote on June 4, will help Calgary, Alberta-based TC … Read more