Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
KEY.TOthis companyKeyera Corp.	CA$50.28	23.28×	3.65×	1.47×	11.85×	-10.7%	14.7%	12.2%	6.3%	15.6%	6.1%	4.9%	2.28×	3.34×	3.45×	1.76×	4.8%	5	1.05	2	C+
ALA.TOAltaGas Ltd.	CA$53.00	16.88×	1.41×	1×	11.42×	-18.2%	24.1%	9.3%	6.1%	8.6%	3.7%	-2.7%	1.18×	5.18×	2.51×	0.82×	3.2%	6	1.16	3	B
ENB.TOEnbridge Inc.	CA$66.18	20.27×	2.3×	2.2×	12.13×	56.1%	32.6%	17.3%	11.5%	12.0%	4.4%	2.8%	1.71×	5.14×	2.23×	0.63×	6.0%	5	1.03	2	B-
GEI.TOGibson Energy Inc.	CA$31.13	20.76×	5.01×	0.38×	12.06×	33.3%	4.0%	3.3%	1.8%	24.1%	6.9%	5.0%	3.46×	4.87×	2.48×	1.05×	6.8%	6	2.94	2	C+
PPL.TOPembina Pipeline Corporation	CA$67.68	19.58×	1.81×	3.95×	11.59×	-37.3%	36.6%	31.1%	22.1%	10.1%	5.4%	8.2%	0.83×	3.61×	4.06×	0.61×	5.8%	5	1.63	3	B-
SOBO.TOSouth Bow Corporation	CA$44.49	12.97×	2.12×	3.55×	19.22×	-117.0%	19.2%	19.7%	27.4%	16.3%	2.8%	9.6%	2.14×	9.15×	0.94×	1.5×	7.4%	7	0.95	2	C+
Peer median	—	19.58×	2.12×	2.2×	12.06×	-18.2%	24.1%	17.3%	11.5%	12.0%	4.4%	5.0%	1.71×	5.14×	2.48×	0.82×	6.0%	6	1.16	2	—