South Bow Shares Drop 1.97% to $36.33 on Durable Permit Delay for Keystone XL

On May 29, South Bow shares fell to $36.33, down 1.97%, with a $7.72B market cap after CEO Bevin Wirzba reiterated the company will not restart the Keystone XL pipeline without a durable U.S. presidential permit. The development follows the May 28 announcement in Calgary where the same requirement was first stated, pushing back any partial restart and sustaining uncertainty in North American crude logistics. Shares had already declined about 1.09% on the initial news, underscoring ongoing regulatory and sovereign-risk concerns that continue to weigh on WLDOIL market sentiment.