is successful or not. The roughly 15 per cent of the company devoted to oil transportation being spun off is immaterial relative to the current size, and opportunities ahead, in the gas and power businesses.
Pipeline giant TC Energy’s proposed split does little to alleviate debt woes weighing on shares, experts say Management’s credibility is on the line with the current plan, but ultimately it will be the quality of the company’s assets, and their future opportunities, that will determine the outcome for patient investors.
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