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Stock Market & Financial Investment News

News Breaks
February 13, 2013
13:35 EDTCHSCP, SE, KMPCHS unit to invest $15M in Express Pipeline connection
CHS Inc. (CHSCP) announced it will build a seven-mile connection in central Montana to link its Front Range Crude Oil pipeline with the Kinder Morgan Express Pipeline. Kinder Morgan-Canada and Front Range Pipeline, a wholly owned CHS subsidiary, will construct storage, pipeline, and other associated equipment needed to connect the Express Pipeline to the Front Range Pipeline near Buffalo, Mont. Front Range Pipeline will invest about $15M in the connecting pipeline and associated equipment. Pending permitting and other approvals, the project is expected to begin this summer with completion estimated for fall 2014. Kinder Morgan Energy Partners (KMP), along with its partners entered into a definitive agreement to sell 100% of the Express Pipeline System to Spectra Energy (SE). The transaction is subject to customary consents and regulatory approvals and is expected to close in 1H.
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May 24, 2013
11:44 EDTKMPKinder Morgan drawing little interest for Freedom pipeline, WSJ says
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May 23, 2013
07:19 EDTKMPNational Association of Publicly Traded Partnerships to host a conference
2013 MLP Investor Conference is being held in Stamford, CT on May 21-23 with webcasted company presentations to begin on May 23 at 8 am; not all company presentations may be webcasted. Webcast Link
May 16, 2013
16:21 EDTKMPKinder Morgan's Tennessee Gas, Mitsubishi Corp sign transportation agreement
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May 14, 2013
07:16 EDTKMPCitigroup to host a conference
2013 Global Energy & Utilities Conference is being held in Boston on May 14-16.
May 13, 2013
16:57 EDTKMPKinder Morgan raises FY13 dividend to $1.60 per share from $1.57 per share
Kinder Morgan announced an increase in its projections for Kinder Morgan (KMI) and Kinder Morgan Energy Partners (KMP) primarily based on projected contributions from the Copano Energy acquisition, which closed on May 1. KMI now expects to declare dividends of $1.60 per share up from its published annual budget of $1.57 per share, which represents an increase of approximately 14% over its 2012 declared distribution of $1.40 per share. KMP now expects to declare cash distributions of $5.33 per unit, up from its 2013 published annual budget of $5.28 per unit, which represents a 7% increase over its 2012 declared distribution of $4.98 per unit.
14:02 EDTKMPKinder Morgan Energy announces land purchase in Texas
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