1. South Bow Corporation, spun off from TC Energy, offers a 9% yield and focuses on connecting Canada's crude oil supply to high-demand U.S. markets. 2. Despite a current unsustainable 125% payout ratio, the company aims to reduce leverage and grow dividends through strategic investments. 3. South Bow's mission-critical assets and growth plans make it a compelling long-term play, with potential outperformance compared to many high-yield stocks.