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South Bow (TSX:SOBO): A Deep Value Play or Priced for Perfection?

South Bow's shares have surged 19% over the past year, catching the eye of energy sector investors. Yet, a closer look reveals a valuation puzzle: while a key cash flow model suggests a steep discount, traditional price-to-earnings metrics tell a more cautious story. We break down the numbers and the narratives shaping this Canadian energy stock.