Oct 13 close Sign in

Energy & power

South Bow (SOBO)

Listed on the Toronto Stock Exchange; prices in Canadian dollars. All 218 TSX stocks.

Your signal

Hold54 / 100

Hold: 54 is between your Sell line (40) and Buy line (60). Off the high (−10% from its 1-year high) scores 66 and lifts it; Plays in (39%) scores 39 and holds it back.

Every factor in this score has a tested record: each was checked month by month since 2011 on numbers public at the time.

Factor you weightSOBOPointsWeightAdds
Plays in39%394015.6
Off the high−10% from its 1-year high663019.8
Trend+5% vs 200-day613018.3
Email me when it flips

Your signal is the one call Be The Puck makes on a stock, and you set it: weight the plays, analysts, P/E, growth, debt, trend and more, and move the Buy and Sell lines. Every page follows your choice. How the score works

All 18 factors for SOBO
FactorSOBOPointsWhat it is
Plays in39%39The share of the plays you count that hold it now.
Analysts' upside+6% · 15 analysts38How far analysts' average 12-month target sits above the price (3+ analysts). −20% scores 0, +50% full marks; at most 50 while the price is below its 200-day average, since targets lag a falling price.
Analysts' rating3.1 · hold0The analysts' average recommendation: strong buy scores 100, hold or worse 0.
P/E15.9×79Price over the last four quarters' earnings per share. Lower ranks higher; a loss scores 0. Source: Yahoo Finance.
Forward P/E17.4×44Price over next year's expected earnings. Lower ranks higher; an expected loss scores 0. Source: Yahoo Finance.
PEG––P/E divided by expected earnings growth. Lower ranks higher; around 1 is often read as fair for the growth.
Price to sales3.5×51Market value over the last 12 months' revenue. Lower ranks higher. Source: Yahoo Finance.
Price to book2.6×58Price over book value (assets minus debts) per share. Lower ranks higher. Source: Yahoo Finance.
Dividend yield6.0%94Dividends over the last year as a share of the price. Higher ranks higher; no dividend scores 0. Source: Yahoo Finance.
Earnings growth+39%65Earnings per share over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Revenue growth+4%22Revenue over the last four quarters against the four before (the latest quarter on a year earlier where filings aren't available). Higher ranks higher. Source: Yahoo Finance.
Profit margin23%73Net profit as a share of revenue. Higher ranks higher. Source: Yahoo Finance.
Return on equity17%64Profit as a share of shareholders' equity. Higher ranks higher. Source: Yahoo Finance.
Debt to equity2.16×8Debt against shareholders' equity. Lower ranks higher; negative equity scores 0. Source: Yahoo Finance.
Off the high−10% from its 1-year high66How far the price sits below its highest close of the last year: 100 points at the high, none at 30% or more below. The exit rule: a stock that keeps falling loses points whatever else it has going for it.
Trend+5% vs 200-day61How far the price sits above its 200-day average. Higher ranks higher.
1-year momentum+34%67The price change over the last 12 months. Higher ranks higher.
Low crash exposure2/10 · low80The storm test: 100 for no exposure, 10 points off per point of exposure.

The read

Test a theory on SOBO

This analysis does not constitute trading advice. Please meet with an advisor or independently review sources before making any decision. New to this? Start with the basics.

Plays in39 / 99Every play Be The Puck tests, in 7 families.
Crash exposureLow2 of 10 on the storm testMayer Multiple1.05×Price ÷ its 200-day average (+5%). Higher than on 17% of days since 2025. Above 2.4 is Mayer's overheated zone.

The most accurate play in each family

Each family's play whose calls went the right way most often, tested on 351 stocks since 2005, and what it says about SOBO now.

A call is right when the stock rose after an in call or fell after an out call. Trend plays are built to take many small losses for a few big wins, so their hit rates run lower; being right often isn't the same as making the most money. How we test a play.

SOBO, day by day

How to read candlesticks

Each candle is one trading day: the box spans the open and close, the thin line the day's high and low. Hollow boxes closed up, filled boxes closed down. Toggle the averages to see the trend the plays read. Dots above the candles mark news and company filings: hover or tap one to see the story and how the stock moved from the last close before it, against the market on the same days.

What moved SOBO lately

Its biggest move against the S&P/TSX in the last 30 sessions, the news read on each, and how reliably that kind of news has moved stocks before. How it's measured

Fri Oct 9−3.1% against the S&P/TSX2.0× a normal day

SOBO −1.6%, the S&P/TSX +1.5% that session.

Two years of calls, week by week

InOutShare of plays in

One row per play, grouped by family. When most rows turn green at once, the trend is broad. When they split, the plays disagree and the stock is usually chopping sideways.

Every play on SOBO

All 100 plays, by family.

Calls right: how often the play's calls on SOBO went the right way since 2005. Record columns: play / buy and hold, annual return and worst drawdown since 2024. Click a column to sort.Sort with the menu above the list.

PlayCallSinceNext moveCalls rightAnnual returnWorst drawdown
Trend following
PB EMABitcoin Playboy · dailyOUTOct 7, 2026 +1.4%Enter above C$48.35 (+0.2%)19% 13/69−3.3% / +27.5%−28.2% / −19.2%
Bull Market Support BandBenjamin Cowen · weeklyOUTSep 25, 2026 +1.9%Enter above C$50.04 (+3.7%)40% 2/5+23.1% / +34.5%−13.3% / −12.2%
Ripster EMA CloudRipster · dailyOUTSep 10, 2026 −2.8%Enter above C$49.11 (+1.8%)20% 7/35+5.4% / +28.2%−17.2% / −19.2%
Trend TemplateMark Minervini · dailyOUTSep 9, 2026 −4.9%Enter above C$49.50 (+2.6%)12% 2/17+15.0% / +31.1%−12.7% / −12.2%
Stage AnalysisStan Weinstein · weeklyOUTSep 25, 2026 +1.9%Enter above C$48.70 (+0.9%)67% 2/3+28.1% / +31.3%−12.1% / −12.2%
Stage 2 + Mansfield RSStan Weinstein · weeklyOUTSep 25, 2026 +1.9%Enter above C$48.70 (+0.9%)17% 1/6+17.2% / +33.1%−11.7% / −12.2%
10-Month SMAMeb Faber · month-endINJun 30, 2025 +47.7%Exit below C$46.29 (−4.1%)–+35.2% / +35.2%−12.2% / −12.2%
200-Day RulePaul Tudor Jones · dailyINJul 11, 2025 +45.8%Exit below C$45.82 (−5.0%)–+33.7% / +33.7%−12.2% / −12.2%
Golden CrossMarket tradition · dailyINJul 11, 2025 +45.8%Not on one close–+33.7% / +33.7%−12.2% / −12.2%
Granville 200-DayJoseph E. Granville · dailyINAug 11, 2025 +36.3%Exit below C$45.82 (−5.0%)–+32.0% / +32.0%−12.2% / −12.2%
Hull Moving AverageAlan Hull · weeklyOUTAug 7, 2026 −1.4%Enter above C$52.11 (+8.0%)18% 2/11+2.6% / +29.2%−14.6% / −19.2%
Kaufman Adaptive MAPerry J. Kaufman · dailyINOct 13, 2026 0.0%Exit below C$48.03 (−0.5%)19% 15/80+1.1% / +25.1%−24.1% / −19.2%
TEMA CrossoverPatrick G. Mulloy · dailyINOct 8, 2026 +0.3%Exit below C$46.14 (−4.4%)30% 6/20+13.5% / +33.3%−11.6% / −12.2%
Seykota 15/150Ed Seykota · dailyINDec 4, 2025 +33.9%Not on one close–+41.0% / +41.0%−12.2% / −12.2%
Guppy Multiple MAsDaryl Guppy · dailyOUTSep 11, 2026 −1.9%Enter above C$59.25 (+22.8%)31% 4/13+3.2% / +25.4%−14.1% / −16.6%
Ichimoku CloudGoichi Hosoda · dailyOUTSep 3, 2026 −5.0%Enter above C$51.87 (+7.5%)17% 2/12+16.0% / +29.2%−18.0% / −19.2%
SupertrendOlivier Seban · dailyOUTAug 4, 2026 −3.9%Enter above C$49.93 (+3.5%)23% 3/13+12.1% / +30.2%−15.2% / −19.2%
Williams AlligatorBill Williams · dailyOUTSep 15, 2026 −1.1%Not on one close32% 13/41−1.6% / +30.2%−23.0% / −19.2%
Vortex IndicatorEtienne Botes & Douglas Siepman · dailyOUTSep 9, 2026 −4.9%Enter above C$47.84 (−0.8%)40% 22/55+10.1% / +29.0%−15.8% / −19.2%
AroonTushar S. Chande · dailyOUTSep 15, 2026 −1.1%Enter above C$51.89 (+7.5%)29% 6/21+7.0% / +27.8%−16.4% / −19.2%
Parabolic SARJ. Welles Wilder Jr. · dailyOUTOct 9, 2026 +1.9%Enter above C$49.05 (+1.7%)37% 15/41+12.8% / +32.4%−22.5% / −19.2%
ADX TrendJ. Welles Wilder Jr. · dailyOUTJun 18, 2026 −1.8%Not on one close45% 5/11+11.7% / +31.3%−19.0% / −19.2%
MACD Zero LineGerald Appel · dailyOUTSep 10, 2026 −2.8%Enter above C$54.12 (+12.2%)17% 3/18+4.0% / +31.0%−15.0% / −19.2%
Zweig 4% ModelMartin Zweig · weeklyOUTSep 11, 2026 −1.9%Enter above C$49.23 (+2.0%)18% 4/22+2.3% / +29.5%−19.5% / −19.2%
MAMA/FAMA CrossJohn F. Ehlers · dailyOUTSep 11, 2026 −1.9%Enter above C$87.80 (+82.0%)12% 3/24−3.1% / +31.0%−21.5% / −19.2%
Schaff Trend CycleDoug Schaff · dailyINOct 6, 2026 −0.8%Exit below C$46.84 (−2.9%)41% 7/17+25.1% / +33.3%−12.7% / −12.2%
Zero Lag EC CrossJohn F. Ehlers & Ric Way · dailyOUTSep 10, 2026 −2.8%Enter above C$53.51 (+10.9%)21% 3/14+7.5% / +28.2%−14.1% / −19.2%
DP Trend ModelCarl Swenlin & Erin Swenlin · dailyOUTSep 15, 2026 −1.1%Enter above C$62.03 (+28.6%)29% 2/7+14.4% / +28.2%−19.2% / −19.2%
Elder Triple ScreenAlexander Elder · dailyOUTMay 29, 2026 +0.1%Not on one close22% 4/18+5.7% / +32.1%−15.7% / −12.2%
Holy GrailLinda Bradford Raschke & Larry Connors · dailyOUTJun 12, 2026 −6.8%Not on one close25% 1/4+3.7% / +31.0%−5.3% / −19.2%
Breakouts & channels
Four-Week RuleRichard Donchian · dailyOUTSep 11, 2026 −1.9%Enter above C$49.90 (+3.4%)21% 3/14+1.0% / +30.2%−19.0% / −19.2%
Turtle System 1Richard Dennis & William Eckhardt · dailyOUTAug 4, 2026 −3.9%Enter above C$51.53 (+6.8%)14% 2/14+2.1% / +30.0%−17.0% / −19.2%
Turtle System 2Richard Dennis & William Eckhardt · dailyOUTAug 4, 2026 −3.9%Enter above C$54.09 (+12.1%)25% 3/12+2.5% / +30.0%−13.3% / −19.2%
Clenow TrendAndreas F. Clenow · dailyOUTAug 4, 2026 −3.9%Enter above C$52.24 (+8.3%)30% 3/10+14.3% / +28.2%−14.0% / −19.2%
Darvas BoxNicolas Darvas · dailyOUTJul 2, 2026 +0.5%Enter above C$48.93 (+1.4%)25% 3/12+4.2% / +30.2%−19.3% / −19.2%
Keltner ChannelChester W. Keltner & Linda Bradford Raschke · dailyOUTJul 31, 2026 −5.8%Enter above C$50.94 (+5.6%)14% 2/14+2.5% / +25.1%−14.8% / −19.2%
Bollinger BreakoutJohn Bollinger · dailyOUTJul 31, 2026 −5.8%Enter above C$49.64 (+2.9%)15% 3/20−4.2% / +28.5%−21.3% / −19.2%
Chandelier ExitChuck LeBeau · dailyOUTAug 4, 2026 −3.9%Enter above C$49.47 (+2.5%)19% 3/16+5.3% / +30.5%−15.6% / −19.2%
Wilder Volatility SystemJ. Welles Wilder Jr. · dailyOUTSep 15, 2026 −1.1%Enter above C$50.22 (+4.1%)29% 5/17+9.8% / +30.2%−19.2% / −19.2%
P&F Double TopA.W. Cohen & Thomas J. Dorsey · dailyOUTSep 24, 2026 +0.9%Enter above C$53.53 (+11.0%)40% 2/5+19.1% / +34.4%−18.0% / −19.2%
Chande Kroll StopTushar S. Chande & Stanley Kroll · dailyOUTSep 10, 2026 −2.8%Enter above C$49.29 (+2.2%)21% 7/34−0.9% / +32.7%−22.3% / −19.2%
Acceleration BandsPrice Headley · dailyOUTMay 27, 2026 −3.7%Not on one close29% 4/14+7.5% / +30.2%−3.2% / −19.2%
TTM SqueezeJohn F. Carter · dailyOUTSep 3, 2026 −5.0%Enter above C$50.30 (+4.2%)31% 5/16−4.0% / +25.1%−13.4% / −19.2%
NR7 BreakoutToby Crabel · dailyINOct 1, 2026 +1.3%Exit below C$47.03 (−2.5%)25% 15/60+5.0% / +29.5%−28.3% / −19.2%
Bollinger SqueezeJohn Bollinger · dailyOUTDec 3, 2025 +35.8%Not on one close0% 0/4+1.0% / +34.7%−4.1% / −12.2%
Momentum
12-Month MomentumMoskowitz, Ooi & Pedersen · month-endINSep 30, 2025 +30.3%Exit below C$35.48 (−26.5%)–+30.7% / +30.7%−12.2% / −12.2%
12-1 MomentumNarasimhan Jegadeesh & Sheridan Titman · month-endINSep 30, 2025 +30.3%Not on one close–+30.7% / +30.7%−12.2% / −12.2%
Dual MomentumGary Antonacci · month-endINDec 31, 2025 +33.5%Exit below C$39.45 (−18.2%)0% 0/2+24.5% / +30.7%−13.5% / −12.2%
Stocks on the MoveAndreas F. Clenow · dailyOUTSep 11, 2026 −1.9%Not on one close12% 2/17+10.2% / +30.5%−22.2% / −19.2%
52-Week HighThomas J. George & Chuan-Yang Hwang · month-endINAug 29, 2025 +37.2%Exit below C$45.61 (−5.5%)–+33.7% / +33.7%−12.2% / −12.2%
Levy Relative StrengthRobert A. Levy · weeklyOUTSep 4, 2026 −4.5%Enter above C$51.09 (+5.9%)13% 2/15+2.5% / +27.5%−21.6% / −16.0%
MACD Signal CrossGerald Appel · dailyINOct 5, 2026 −0.1%Exit below C$46.16 (−4.3%)26% 10/39+10.7% / +31.0%−15.1% / −19.2%
Elder ImpulseAlexander Elder · dailyINOct 13, 2026 0.0%Exit below C$47.87 (−0.8%)23% 16/71+0.4% / +31.0%−23.4% / −19.2%
Know Sure ThingMartin J. Pring · dailyINOct 7, 2026 +1.4%Exit below C$44.35 (−8.1%)30% 8/27+10.1% / +30.7%−12.9% / −19.2%
Coppock CurveEdwin S. C. Coppock · month-endOUTSep 30, 2026 +2.4%Not on one close–– / –– / –
CCI +100Donald R. Lambert · dailyOUTJul 27, 2026 −7.2%Enter above C$49.32 (+2.2%)16% 10/62−2.3% / +30.2%−24.7% / −19.2%
TRIX Signal CrossJack K. Hutson · dailyINOct 13, 2026 0.0%Exit below C$45.79 (−5.1%)32% 7/22+9.5% / +28.2%−13.3% / −19.2%
TSI Zero LineWilliam Blau · dailyOUTSep 10, 2026 −2.8%Enter above C$54.47 (+12.9%)20% 3/15+4.6% / +28.2%−15.0% / −19.2%
13612W MomentumWouter J. Keller & Jan Willem Keuning · month-endOUTSep 30, 2026 +2.4%Enter above C$46.78 (−3.0%)33% 1/3+21.4% / +30.7%−13.7% / −12.2%
Market-State MomentumMichael J. Cooper, Roberto C. Gutierrez Jr. & Allaudeen Hameed · month-end–– –Not enough history–– / –– / –
Frog in the PanZhi Da, Umit G. Gurun & Mitch Warachka · dailyINSep 30, 2025 +30.3%Not on one close–+30.7% / +30.7%−12.2% / −12.2%
PMO Signal CrossCarl Swenlin · dailyINOct 13, 2026 0.0%Exit below C$47.28 (−2.0%)41% 9/22+16.2% / +33.3%−11.3% / −12.2%
Mean reversion
RSI 30/70J. Welles Wilder Jr. · dailyOUTAug 12, 2025 +38.1%Not on one close50% 1/2+11.0% / +25.4%−5.0% / −19.2%
RSI(2) PullbackLarry Connors & Cesar Alvarez · dailyOUTOct 1, 2026 +1.3%Not on one close50% 13/26+2.5% / +33.7%−5.6% / −12.2%
Double 7sLarry Connors & Cesar Alvarez · dailyINOct 9, 2026 +1.9%Sell above C$48.65 (+0.8%)52% 14/27+4.4% / +33.7%−9.6% / −12.2%
Bollinger ReversionJohn Bollinger · dailyOUTOct 6, 2026 −0.8%Buy below C$46.47 (−3.7%)64% 9/14+11.6% / +28.5%−8.5% / −19.2%
Stochastic 20/80George C. Lane · dailyINAug 10, 2026 −2.3%Not on one close71% 12/17+26.4% / +28.3%−9.8% / −19.2%
Williams %RLarry Williams · dailyINSep 17, 2026 −2.2%Not on one close72% 21/29+33.6% / +29.0%−9.7% / −19.2%
DeMark 9-CountTom DeMark · dailyINSep 16, 2026 −1.6%Not on one close57% 4/7+14.3% / +36.2%−5.8% / −19.2%
Mayer MultipleTrace Mayer · dailyINJul 11, 2025 +45.8%Sell above C$110.74 (+129.5%)–+33.7% / +33.7%−12.2% / −12.2%
ConnorsRSI PullbackLarry Connors & Cesar Alvarez & Matt Radtke · dailyOUTMay 1, 2025 +54.3%Not on one close–+3.9% / +33.3%0.0% / −12.2%
Laguerre RSIJohn F. Ehlers · dailyOUTOct 9, 2026 +1.9%Not on one close63% 19/30+31.7% / +25.1%−9.6% / −19.2%
StochRSI 20/80Tushar S. Chande & Stanley Kroll · dailyOUTOct 7, 2026 +1.4%Not on one close62% 25/40+9.6% / +25.1%−18.1% / −19.2%
IBS ReversionAlexander S. Pagonidis · dailyOUTOct 8, 2026 +0.3%Buy below C$48.25 (0.0%)59% 109/186+12.9% / +37.0%−8.5% / −19.2%
Connors %bLarry Connors & Cesar Alvarez · dailyINSep 14, 2026 −1.5%Sell above C$48.93 (+1.4%)73% 8/11+22.4% / +33.7%−4.7% / −12.2%
Fisher TransformJohn F. Ehlers · dailyOUTOct 9, 2026 +1.9%Enter above C$47.74 (−1.1%)35% 31/89+4.3% / +31.0%−16.2% / −19.2%
1-Month ReversalNarasimhan Jegadeesh & Bruce N. Lehmann · month-endINAug 31, 2026 −6.6%Sell above C$48.09 (−0.3%)73% 8/11+18.5% / +27.8%−13.4% / −19.2%
Volume & money flow
On-Balance VolumeJoseph E. Granville · dailyINOct 5, 2026 −0.1%Not on one close22% 16/74−5.5% / +28.5%−30.6% / −19.2%
Chaikin Money FlowMarc Chaikin · dailyOUTSep 14, 2026 −1.5%Not on one close34% 10/29+12.9% / +30.2%−18.0% / −19.2%
Money Flow IndexGene Quong & Avrum Soudack · dailyOUTFeb 5, 2026 +26.8%Not on one close50% 1/2+9.2% / +25.4%−6.4% / −19.2%
Negative Volume IndexNorman Fosback & Paul Dysart · dailyINOct 1, 2025 +31.5%Exit below C$47.15 (−2.3%)–+26.9% / +26.9%−12.2% / −12.2%
Force IndexAlexander Elder · dailyINOct 13, 2026 0.0%Exit below C$47.69 (−1.2%)20% 15/76−7.0% / +29.8%−30.6% / −19.2%
Buff AveragesBuff Dormeier · dailyINOct 13, 2026 0.0%Exit below C$48.87 (+1.3%)38% 13/34+3.4% / +28.5%−19.0% / −19.2%
Chaikin OscillatorMarc Chaikin · dailyINOct 13, 2026 0.0%Not on one close31% 19/62−0.4% / +30.2%−18.6% / −19.2%
Volume Flow IndicatorMarkos Katsanos · dailyINOct 7, 2025 +28.5%Not on one close–+29.3% / +29.3%−12.2% / −12.2%
Klinger OscillatorStephen J. Klinger · dailyINOct 1, 2026 +1.3%Not on one close38% 24/64+23.1% / +31.3%−11.3% / −17.0%
Candles & chart patterns
Engulfing SwitchSteve Nison & Thomas N. Bulkowski · dailyOUTOct 7, 2026 +1.4%Not on one close33% 4/12+7.7% / +34.4%−13.8% / −19.2%
HikkakeDaniel L. Chesler · dailyINJan 13, 2026 +36.7%Exit below C$34.54 (−28.4%)7% 1/15+9.7% / +37.7%−25.0% / −19.2%
Turtle Soup Plus OneLinda Bradford Raschke & Larry Connors · dailyOUTJul 13, 2026 −7.0%Not on one close50% 2/4+10.4% / +29.5%−1.9% / −19.2%
Calendar
Halloween IndicatorSven Bouman & Ben Jacobsen & Yale Hirsch & Jeffrey Hirsch · dailyOUTApr 30, 2026 +6.8%Buys Oct 3050% 2/4+18.0% / +37.0%−19.2% / −19.2%
Best Six + MACDYale Hirsch & Jeffrey Hirsch · dailyINOct 2, 2026 +0.1%Window opens Apr 160% 3/5+29.9% / +31.0%−19.2% / −19.2%
Seasonal TimingSy Harding · dailyOUTApr 20, 2026 +15.5%Window opens Oct 1650% 2/4+14.4% / +31.0%−19.2% / −19.2%
Santa Claus RallyYale Hirsch & Jeffrey Hirsch · dailyOUTJan 5, 2026 +35.6%Buys Dec 2325% 1/4+5.7% / +37.0%−2.9% / −19.2%
Turn of the MonthJosef Lakonishok & Seymour Smidt & Robert A. Ariel · dailyOUTOct 5, 2026 −0.1%Buys Oct 2944% 21/48+5.0% / +37.0%−8.5% / −19.2%
Presidential Sweet SpotYale Hirsch & Jeffrey Hirsch · dailyINSep 30, 2026 +2.4%Sells Jun 300% 0/1+5.1% / +37.0%−2.7% / −19.2%
Pre-HolidayRobert A. Ariel & Josef Lakonishok & Seymour Smidt · dailyOUTSep 4, 2026 −4.5%Buys Nov 2442% 17/40+7.1% / +37.0%−3.2% / −19.2%
January BarometerYale Hirsch & Jeffrey Hirsch · month-endINDec 31, 2024 +60.0%Not on one close–+29.0% / +29.0%−19.2% / −19.2%
Weekend EffectKenneth French & Josef Lakonishok & Seymour Smidt · dailyINOct 13, 2026 0.0%Sells Oct 1656% 120/213+34.9% / +37.0%−20.4% / −19.2%
Pre-FOMC DriftDavid Lucca & Emanuel Moench · dailyOUTSep 16, 2026 −1.6%Buys Oct 2741% 13/32+4.3% / +37.0%−2.6% / −19.2%
Lunar CycleKathy Yuan, Lu Zheng & Qiaoqiao Zhu · dailyINOct 2, 2026 +0.1%Sells Oct 1654% 27/50+24.0% / +37.0%−19.5% / −19.2%
Benchmark
Buy & HoldJohn C. Bogle · benchmarkINSep 25, 2024Always in–+35.2%−19.2%

If the market cracks: the storm test

How the storm test works
ExposureLow2 of 10 points
  • Market swings0/3
  • Past crashes0/2
  • Debt2/3
  • Run-up0/2
  • It carries 2.1× as much debt as equity.
  • It operating profit covers interest only 2.5×.

Past crashes, peak to low

Too young to have lived through a market crash, so there is no crash record to read.

  • Beta0.38Moves about 0.4× as much as the TSX week to week.
  • Downside capture53%In months the TSX fell, this fell 53% as much on average (it often rose anyway).
  • Two-year change+73%Run-ups of 100%+ crashed 40% or more within two years about half the time (Greenwood, Shleifer & You).
  • From 52-week high−10%
  • Debt to equity2.13×
  • Net debt / EBITDA5.0×Years of operating cash earnings it would take to pay off its debt.
  • Interest cover2.5×

A crash marks every stock down; debt decides which companies come through. The storm test scores both halves: how hard the stock swings with the market, and how much debt it carries into a downturn. It describes fragility; it does not predict a crash.

The business behind the price

How to judge these numbers

Oil & Gas Midstream · South Bow Corporation operates as an energy infrastructure company. It operates through three segments: Keystone Pipeline System, Marketing, and Intra-Alberta & Other. The Keystone Pipeline System segment consists of the company's main liquids pipeline network, which transports crude oil from Hardisty, Alberta, to key U.S. markets including Wood River, Patoka, Illinois, Cushing, Oklahoma, and the Gulf Coast.

Size and valuation
Market capC$10.1BWhat the whole company is worth at today's price: share price × shares outstanding.
Revenue (last 12 months)$2.0BTotal sales.
P/E ratio15.9×Buyers pay C$16 for each C$1 of the last year's profit.
Forward P/E17.4×Price against analysts' estimate of next year's profit.
Price to book2.6×Price against the company's net assets (its equity) per share.
Profit and growth
Profit margin23.0%Keeps 23¢ of each dollar of sales as profit.
Revenue growth+4.2%Last quarter's sales against the same quarter a year earlier.
Earnings growth+39.1%Same comparison for profit.
Return on equity17.4%Yearly profit as a share of shareholders' money in the business.
Free cash flow$338MCash left after running and investing in the business.
Balance sheet
Total equity$2.7BWhat it owns minus what it owes.
Total debt$5.8BLoans and bonds it has to pay back, with interest.
Cash$726MCash and short-term investments on hand.
Debt to equity2.13×Above about 1.5× is heavily borrowed; above 3× is fragile in a downturn.
Interest cover2.5×Operating profit divided by interest. Under 2× means one bad year could make the interest hard to pay.
Wall Street
Average analyst targetC$51.346% above the close, from 15 analysts (range C$37.72 to C$62.89).
Consensus ratingHoldAnalysts' average recommendation. Ratings lean positive: sell ratings are rare.
Dividend yield6.01%Yearly dividends as a share of the price.

Company figures from Yahoo Finance, fetched Oct 14, 2026. Analyst targets are opinions, not forecasts Be The Puck checks.

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