Varcoe: A 'new beginning' for South Bow Corp. as demand for oil — and pipelines — keeps rising

'Having the successful spin-out just proves that there's an appetite for oil and gas infrastructure and an appetite for that type of investment in those assets'

A new multibillion-dollar pipeline company officially premiered on Tuesday, with South Bow Corp. spinning out of TC Energy Corp. and its shares starting to trade on the Toronto Stock Exchange.

South Bow CEO Bevin Wirzba says the response to the company’s startup — including its ability to raise $7.9 billion in debt capital this summer — underscores its future and the long-term demand for western Canadian oil.